China refuses to adjust yuan

12/26/2006 | Los Angeles Times (tiered subscription model)

China said it would not adjust the value of the yuan despite recent pressure from the U.S., according to the country's central bank. The People's Bank of China also said it would work to curb foreign investment in the country, despite the recent high-profile visit by a U.S. delegation led by Treasury Secretary Henry M. Paulson Jr. that included Federal Reserve Chairman Ben S. Bernanke.

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