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View Full Version : China Orders Banks to Reserve More Cash as Prices Surge - Bloomberg



NewsWhore
04-17-2011, 08:20 AM
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China Orders Banks to Reserve More Cash as Prices Surge (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGbs-LJYYUqVl0gW4eokoPvcQ8n1w&url=http://www.bloomberg.com/news/2011-04-17/china-orders-banks-to-set-aside-more-cash-as-prices-surge-1-.html)
Bloomberg
US officials may hope that China instead increasingly relies on currency appreciation. Treasury Secretary Timothy F. Geithner calls the yuan â??substantially undervaluedâ?? and says that a stronger currency would both counter inflation pressures in China ...

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