China gave permission to firms across China to pay for imports and exports in Yuan

Increased Yuan Trading Band

By Ian R. Campbell —— Bio and Archives--April 17, 2012

Canadian News, Politics | Comments | Back To Full Article

Without continued China economic growth at high levels, developed country economic growth and recovery is less likely. Currency exchange rates play a part in this. On Saturday, April 14 China announced that it was doubling the 'trading band' on the Yuan/U.S.$ exchange rate by 0.5% to 1.0%. This was greeted by general enthusiasm, with reactions that included:

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