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Asiatimes: Us Senators At Ease Over Yuan's Reform

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US senators at ease over yuan's reform

BEIJING - Two US senators leading an effort to force trade and currency "concessions" from China say they are now more optimistic about China's currency reform.

"We are more optimistic than we were when we came here," said Charles E Schumer, "We have seen that the Chinese government and the Chinese people actually have a convergence with the American people on currency."

On Thursday, China's central bank said it would increase the "floating flexibility" of the yuan, also known as renminbi or RMB, while keeping it basically stable at a reasonable equilibrium. The People's Bank of China reiterated in a report after its quarterly monetary policy meeting that China would continue to improve its exchange rate mechanism. The yuan strengthened to 8.0250

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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