China Unlikely to Have Adjusted Yuan Foreign Exchange Rates »
Wednesday, September 29th, 2010Despite having initially announced last June 19 that it will readjust its currency’s exchange rate, China’s export surplus surged up to $28 billion in July, the highest it’s ever been in the past 18 months. Senator Charles Schumer, a strong critic of Chinese trade policy, said that this is evidence that China did not honor [...]
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