A leading business group yesterday (29 October) urged the EU to press China to revalue its currency whose high value they say is hurting European firms.
Ahead of tomorrow's EU-China summit in Beijing, UNICE - a group of European business confederations - has called on the EU to "encourage China to explore proposals that will help the yuan (renminbi) adjust to market forces", according to a statement.
The renminbi has been informally pegged to the dollar since 1993 at a rate of aro...
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