| Breaking News |
| A substantial appreciation of the Chinese renminbi would have little effect on trade and growth in the rest of the world even if accompanied by other economic liberalisation, according to the International Monetary Fund. In its annual report on the Chinese economy, the IMF said a 20 per cent trade-weighted appreciation in the renminbi – a level similar to that demanded by many American lawmakers – would increase growth in the US economy by between 0.05 and 0.07 percentage points. http://link.ft.com/r/0QSDPP/JEE4IN/P902E/S3JIT9/C45NRS/XL/h?a1=2011&a2=7&a3=20 |
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