2% solution: China lets yuan rise vs. dollar, easing trading tensions slightly

Article Abstract:

The People's Bank of China's decision to revalue the yuan so that it will be 2.1% stronger against the U.S. dollar is discussed. Attention is given to the rationale behind China's decision to end its decade-long policy of keeping the yuan at a fixed rate to the dollar and what this change might mean for the Chinese and American economies respectively.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code:

China's bubble is defying Beijing: stocks push higher despite measures to cool investors' enthusiasm

Article Abstract:

The Chinese government implemented an increase in interest rates and other measures in an effort to tame the nation's bull market. However, the Shanghai Composite Index reached a record high of 4072.23, placing the index up 52% in 2007.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code:

China is allowing more flexibility concerning yuan

Article Abstract:

China has decided to give corporations more flexibility in owning and in exchanging the yuan currency. China has been ignoring calls by Japan, the U.S., and Europe to allow the appreciation of the yuan.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code: