World Bank: CNY appreciation need but no silver bullet

16:11CET
By ForexLive.com - Jamie Coleman

So says chief Zoellick. He’s right about that.

The US trade gap widened despite 20% CNY appreciation between 2005 and 2008.

CNY appreciation of that magnitude in a weaker growth environment would probably be more effective, however. That’s what scares China to death and is why they won’t budge.

Posted via email from MT4