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        RMB Revaluation
         

         

         

        Bank of Canada urges quicker China yuan rise
        China would benefit from allowing a quicker appreciation of the yuan, Bank of Canada Deputy Governor Tiff Macklem said on Thursday.

        China opposes IMF rule on exchange rate
        China expressed reservations about a new International Monetary Fund ruling on exchange rate policy, saying drastic rate fluctuations will damage economic stability.


        News
         

        China urges patience on yuan reform

        China urged on Thursday other countries to be patient on yuan exchange rate reforms and said a stronger renminbi is no panacea. QDII expanded

         
        China's deputy central bank chief on Thursday fended off US pressure for a faster rise in the yuan, saying Beijing would stick to its two-year-old policy of gradual appreciation.
         
        Photo

        American Reaction
         
        Worldwide Reaction
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