IMF chief presses China to allow yuan to strengthen

11/16/2009 | Google

Allowing the Chinese yuan to rise would not only lead to a "healthier global economy" but also strengthen the domestic economy, International Monetary Fund Managing Director Dominique Strauss-Kahn said. "Allowing the renminbi and other Asian currencies to rise would help increase the purchasing power of households, raise the labor share of income and provide the right incentives to reorient investment," he said.

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