Chinese central bank still turning in favor of higher rates
Posted on April 24, 2008 at 11:48 AM EDT
Last month witnessed many reports showing Chinese inflation rates near their historical highs. As the “basket of currencies” that maintains much of the renminbi’s worth came to correct, the central bank has had to step up the money supply to keep a low yuan. The main driver behind China’s growing manufacturing centers is the difference [...]
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