EU pressures China on yuan revaluation

Oct 10, 2007 | 03:23 PM | Rory Carroll

U.S. advocates for Chinese currency reform are receiving a boost from euro-zone finance ministers, even as the House and Senate appear ready to delay introducing any bills until next year.

Meeting in Luxembourg ahead of a conference of finance officials of the Group of Seven in Washington later this month, the European Union ministers said China should allow its currency to float to market, according to news reports.....





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