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IMF chief says Chinese yuan is undervalued

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1 IMF chief says Chinese yuan is undervalued on Wed Mar 17, 2010 8:51 am


IMF chief says Chinese yuan is undervalued
Wed Mar 17, 2010 5:47am EDT

BRUSSELS, March 17 (Reuters) - The Chinese yuan currency CNY=CFXS is undervalued, International Monetary Fund Managing Director Dominique Strauss-Kahn said on Wednesday.


"Some currencies in Asia are undervalued, especially the renminbi," Strauss-Kahn told a committee in the European Parliament.

But he cautioned that exchange rate misalignments should not be blamed for all economic problems and that countries should also look at competitiveness issues.


a bunch of asian countries want to increase their value but they can't because of china.....so Kahn can just shut up since he an't telling something we don't already know!!...plus he can't got the guts to MAKE china RV!!!

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