China remains reluctant to float its domestic currency: IMF

The IMF report prepared in July, but released last weekend said that China remains reluctant to float its domestic currency. (To see the full report please click on the "Asia" section and view "features")

  • By ISI Intellinews
  • 08 Nov 2004
The IMF report prepared in July, but released last weekend said that China remains reluctant to float its domestic currency. The report says that China feared that floatation of its domestic currency could lead to increased capital outflow, while a substantial change in the value of Yuan could ...

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