Saturday, May 19, 2007

China moves to let currency rise

China moves to let currency rise (AP)

A Chinese bank teller holds up 100 Yuan notes, January 2007. China's economy grew a blistering 11.1 percent in the first quarter, prompting fears of possible overheating and a call for fresh measures to put the country on a more sustainable course.(AFP/File/Mike Clarke)AP - China took steps Friday to let its currency trade more freely against the dollar and to cool its sizzling economy ahead of talks in Washington over Beijing's soaring trade surplus.


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