|
 | Chinese boys look at real and fake Chinese banknotes at an exhibition in Beijing May 7, 2004. China is ready to explore a market-oriented reform of its yuan currency, Prime Minister Wen Jiabao said on Thursday, but linked any moves to the economic conditions being right. click to open  |  | An illustration of Chinese currency, with former leader Mao Zedong's image on a 100 yuan note. The United States on April 15th, 2004 found China not guilty of illegal currency manipulation but stepped up pressure on Beijing to set the yuan free from a fixed peg. click to open |  | China's former leader Mao Zedong is seen on 100 yuan, notes. China has been accused of deliberately undervaluing its currency to drive down the price of its exports click to open |  | A Chinese teller counts 100 yuan notes at a foreign bank in Shanghai September 2,2003. China, bristling at calls to revalue the yuan, ruled out any change to its currency peg ahead of a visit by U.S. Treasury Secretary John Snow on Tuesday but offered up a token easing of its capital controls. Snow is under pressure at home to urge China to revalue the yuan which is pegged to the dollar, to save jobs at hard-pressed U.S. factories. click to open |
|
p2