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Image header Agence Europe
Europe Daily Bulletin No. 8949
Contents Publication in full By article 19 / 46
GENERAL NEWS / (eu) eu/economy

US treasury expects sign from Beijing on reform of its exchange rates in next six months

Brussels, 18/05/2005 (Agence Europe) - Making the Yuan exchange rate more flexible has been announced by Beijing on many occasions but diplomatic pressure for a position from the G7 has not been enough to get the Chinese authorities to come up with a precise calendar of reform. In a report to Congress, the US Treasury reaffirms its demands in the face of Chinese procrastination (and insists on a revaluation of the Chinese currency in the next six months). This biannual report on exchange...

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