Possible undervaluation of China's yuan divides IMF directors

07/28/2010 | Bloomberg

Directors of the International Monetary Fund were unable to reach an agreement during a recent meeting on whether China's yuan is undervalued. The argument that the yuan is undervalued is based on "uncertain forecasts" about China's current-account surplus, some directors said. An IMF report concludes that the yuan might be undervalued between 5% and 27%, Reuters reported.

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