Central bank hopes worldwide risk-aversion won't hurt at home: expert
(NEWSER) - China has set the guiding rate for the yuan at its highest yet, despite investors worldwide pushing the currency downward, the Wall Street Journal reports. The move points to China’s central bank’s resolve not to let global economic concerns foil its long upward push for the yuan, a shift which ups consumption, works against inflation, and could help turn the yuan into a more global currency. More»
