Eurozone ministers are pressing China for a more freely floating yuan, after being unable to find a common position on the euro's unprecedented strength against the US dollar.
The finance ministers of the 13-country eurozone, meeting in Luxemburg on Monday (8 October), argued that the Chinese policy of holding the yuan broadly stable against a basket of currencies does not reflect the fundamental strength of the Chinese economy.
Consequently, they called on China to let its curre...
Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.
Already a member? Login