IMF Calls Appreciation of China's Yuan 'Highly Desirable'

Filed under: China

Add the International Monetary Fund to the list of nations, institutions, and officials calling for China to let its currency appreciate.



The IMF, in its revised World Economic Outlook, said an appreciation of China's currency, "appears highly desirable on its own."



The group also said a shift in China's economy away from exports and toward domestic consumption, along with structural measures to decrease savings, would be preferred, as well.

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IMF Calls Appreciation of China's Yuan 'Highly Desirable' originally appeared on BloggingStocks on Thu, 22 Apr 2010 18:00:00 EST. Please see our terms for use of feeds.

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