Mendoza School of Business

U.S.-China Currency Dispute

Published: January 6, 2011 / Author: Mendoza College

China’s central bank has promised to improve its yuan exchange rate, as President Hu Jintao prepares to visit the United States later this month for talks in which both nations will try to resolve their long-running currency dispute.

The People’s Bank of China said Thursday it will “enhance the flexibility” of the exchange rate system while keeping the yuan’s value at a “stable” and “reasonable” level.

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