World Bank calls for stronger yuan

17-03-2010

Currency pressure on China. File photo.
The World Bank has urged China to allow its currency to strengthen in value, to contain inflation and stop the economy overheating. The advice came as the Bank raised its 2010 economic growth forecast for China from 8.7 percent to 9.5 percent. China has halted the appreciation of its currency since the global financial crisis in late 2008, in a bid to help exporters to tide over a slump in international trade.


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