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China’s currency move aims to ease trade criticism (AP)

June 21st, 2010

A Chinese clerk counts renminbi banknotes at a bank outlet in Hefei in central China's Anhui province, Sunday, June 20, 2010. China's central bank said Sunday it would maintain a stable exchange rate and didn't anticipate major changes in the value of the yuan, a day after saying it would manage the currency more flexibly. (AP Photo) ** CHINA OUT **AP - The Chinese yuan surged to a record high Monday as Beijing delivered on its central bank’s weekend promise of greater flexibility in its exchange rates. World shares rallied as investors took heart from the signal of confidence in China’s resilience.


Tags: criticism, ease, Currency, China's, move, world shares

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