The Central Bank of China has announced the slight easing of its control on its Chinese currency , the Yuan. From Monday, the Yuan would be allowed to rise or fall against the dollar by one percent, from a mid point everyday. The current limit is, half a one percent. Trading partners led by the United States have long argued that China boosts exports by keeping its exchange rate artificially low.
News On AIR | April 14, 2012 9:36 PM
China announces easing of control on Yuan