Jim O'Neill, Goldman Sachs' chief economist, believes that "something's brewing" in China that could lead to a major policy shift in the country's stance on its own currency.
To date, the Beijing authorities have opposed widespread calls – including from US President Barack Obama and Tim Geithner, the US Treasury Secretary – to allow the yuan to strengthen. Beijing has dismissed suggestions that its artificial position creates an unfair playing field for the country's exports. (more)
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