Friday, March 19, 2010
China promises to keep exchange rate steady
China promised Wednesday to keep its exchange rate stable and said it would use part of its $1.95 trillion in foreign currency reserves to boost imports and consumer spending to combat the global financial crisis.
Chinese exporters that face plunging sales want the yuan devalued, which would make their goods cheaper abroad. But economists say they [...]
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- Posted in Business & Economy, International
- Tags: china, exchange, keep, promises, rate, steady


