Friday, April 23, 2010

China cautious comments on exports and negative impact of yuan appreciation $CNY

China cautious comments on exports and negative impact of yuan appreciation - Ministry of Industry and Information Technology said outlook for Chinese exporters remains grim b/c of the risks for a double dip eco decline. The Ministry also said that a stronger yuan would have a negative impact on China’s foreign trade outlook and that high US unemployment and European debt problems remain global risks. Bloomberg
 

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