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VOV News English 34 month(s) ago
The European Union should stop pressing China to revalue the yuan as a rapid revaluation could cause turmoil, Chinese Premier Wen Jiabao said on Wednesday.
Wen told an EU-China business forum on the sidelines of a summit with EU leaders that European leaders should turn to the U.S. dollar for an explanation of the fluctuations in the exchange rate of the euro. China's trade surplus against the United States was due to the specific structures of the two economies, not...
Keywords: RenminbirateIn ChinaproceedThe European Unionrevalueturn to