Quote:
Originally Posted by Cerberus
F**K those Yankees!! Long Live China!!
China central bank adviser says no to yuan pressure
Posted: 20 September 2010 0550 hrs on Channelnewsasia.com
BEIJING : An adviser to China's central bank said Sunday that unlike Japan in the 1980s, Beijing would not cave in to foreign pressure to let its exchange rate appreciate, a financial news website said.
"China as it stands now is not Japan in 1985, it is not a country that completely relies on external demand," he said at the China CEO Forum taking place in Beijing, in a speech transcribed on finance.qq.com.
"We will not appreciate the yuan solely because of external pressure."
. - AFP
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Japanese yen has been forced by the US to appreciate their yen from 250 to now abt 85yen to a USD. US wanted yen to be around 75yen to a USD.
Looks wat happen to japan......zero growth for donkey years....
Tat's wat the Yankee wanted to China to go the same path..... China unlike Japan got nothing been held by US. They would certainly resist that pressure ....
Fxxxxxg Amercian......