The World Bank on Wednesday said China should revalue the renminbi and abandon the dollar peg in favour of a link to a basket of currencies.
It warned that without revaluation, speculative capital flows could destabilise economies in the region.
China ‘should end renminbi’s dollar peg’
By John Burton in Singapore and Richard McGregor in Beijing
Published: April 27 2005 20:22 | Last updated: April 28 2005 05:40
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