人民幣

CHINA UNDER GROWING CURRENCY PRESSURE

China is facing growing international pressure to begin appreciating its currency ahead of an important meeting of finance ministers and central bank heads from the G20 countries which starts on Thursday in Washington.

The Indian and Brazilian central bank presidents have made the strongest statements yet by officials from their countries about the case for a stronger Chinese currency.

While most of the public pressure on China in recent months has come from the Obama administration and US legislators, the comments underline that other governments are frustrated with China's policy of operating a de facto currency peg with the US dollar even as its economy expands at a rapid rate.

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