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| | |  | | | EU's trade chief suggested China consider linking the value of yuan to a basket of foreign currencies. | | | | | | | | | | | | |  | | | A woman and her son get a close up view of a Chinese 100-yuan note at an exhibition in Beijing. China's currency peg is a hot-button issue for President George W. Bush as he heads to an Asia-Pacific summit pressing for freer exchange rates in a bid to ease the crushing US trade deficit and revive the sagging US labor market. [AFP/file] | | | | | | | | | | | | |  | | | Robert Mundell, a 1999 Nobel laureate in economics, defends China's position of not appreciating renminbi while speaking to a forum at the Sixth Beijing International High-tech Expo. [newsphoto.com.cn]
| | | | | | | | | | | | |  | | | Premier Wen Jiabao meets with visiting US Treasury Secretary John Snow in Beijing September 3, 2003. During their discussion, Wen said China's current foreign exchange system is in line with the nation's economic reality and a stable renminbi exchange rate benefits both China and the United States. [newsphoto.com.cn] | | | | | | | | | | | | |  | | | A bank worker displays Chinese yuan at a bank in Beijing, China, Thursday, Aug. 7, 2003. For nearly a decade, Beijing has tied its currency tightly to the US dollar and kept it from trading in global markets _ a strategy that brought stability and helped shield China from the 1997 Asian financial crisis. Premier Wen Jiabao said on July 5 that China will keep the exchange rate of yuan stable in the coming months. [AP] | | | | | | | | | | | | |  | | | An illustration of Chinese currency, with former leader Mao Zedong's image on a 100 yuan note. [AP Photo] | | | | | | | | | |
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RMB in Spotlight
