Tuesday, August 13, 2019

This March 17, 2010 illustration in Beij

This March 17, 2010 illustration in Beijing shows China’s 100 Yuan, or Renminbi, notes, the largest denomination in Chinese currency. The World Bank has urged China to let its currency rise to contain inflation and stop the economy overheating, predicting that growth will gallop ahead at 9.5 percent this year. China is facing growing international pressure, particularly from the United States, to let the yuan appreciate but Chinese Premier Wen Jiabao’s insisted over the weekend that Beijing would resist any foreign pressure for a stronger yuan, currently pegged within a narrow range at about 6.8 to the US dollar. AFP PHOTO/Frederic J. BROWN (Photo credit should read FREDERIC J. BROWN/AFP/Getty Images)

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