The RMB and Chinese private equity
Chinese leader Hu Jintao will meet with his American counterpart, Barrack Obama this week in the US. While geo-political issues will feature in the summit, economic and trade issue will loom large in the agenda in this meeting, described as the most important since Deng Xiaoping’s visit in 1979.
The issue of China's currency will, no doubt, feature prominently in discussions - Washington complaining that Beijing keeps the Reminbi too low, giving Chinese companies unfair advantage in trade. It...
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