Yuan is not undervalued: Goldman Sachs's chief economist
2010-03-19 11:08 BJTSpecial Report: Yuan Not to Blame for Trade Surplus |
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Goldman Sachs' chief economist, Jim O'Neil, says the yuan is not undervalued. O'Neil says China has pegged its currency to the US dollar amid tumbling exports sparked by the global financial crisis. That's why the yuan against the greenback has been set at around 6.83.
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