Wednesday, May 19, 2010

China Officials Say Won’t Yield to Yuan Pressure at U.S. Talks

May 20 (Bloomberg) -- Chinese officials said the nation won’t yield to global calls to end the yuan’s 22-month peg, damping speculation next week’s U.S.-China trade talks would trigger appreciation.China won’t succumb to external pressure and will modify the currency based on the economic situation, Assistant Finance Minister Zhu Guangyao said in Beijing today. Stability between the world’s major

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