China's business leaders argue in favor of increasing yuan's value

03/25/2010 | Bloomberg Businessweek

An increasing number of CEOs in China are supporting U.S. President Barack Obama's call for China to allow the yuan to rise in value. "We need to emphasize the benefits of yuan gains," said Zhang Yanling, vice chairman of Bank of China. Based on pricing on future value contracts, the currency market expects China to sever the yuan's peg to the U.S. dollar by July.

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