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Thursday, October 13, 2011

Continued devaluation of the RMB is not scaling back _ counter U.S.

Continued devaluation of the RMB is not scaling back _ counter U.S. 11 by the U.S. Senate aimed at forcing the appreciation of the renminbi's exchange rate reform bill supervision, China to be outdone, People's Bank of China will be following the 12 sudden devaluation of the yuan central parity against the U.S. dollar 115 basis points yesterday (13) days and then re-banished to 139 points, back to 6.37 yuan on China-US currency war seems to have its start. However, the U.S. House of Representatives Speaker John Boehner (John Boehner) yesterday reiterated firmly opposed to the ...Continued devaluation of the RMB is not scaling back _ counter U.S.

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