![]() Bloomberg |
China Widens Yuan Band to 1 Percent, People's Bank Says
Bloomberg China's decision to widen the yuan's trading band against the dollar for the first time since 2007 signals a drive toward a convertible currency that also saw overseas investors get bigger investment quotas this month. The band's increase to 1 percent … China Doubling Yuan Band Signals Drive for Convertibility US politics clash with reality over China currency Their GDP Was What?! China's Credibility Problem |