China's Zhou Says Their Approach is ‘Passive’ as Dollar Drop Pulls Yuan

by Benjamin Domenech on 11:15 am November 20, 2009

“China is ‘passive’ on the value of the U.S. dollar, central bank Governor Zhou Xiaochuan said, signaling that policy makers aren’t yet prepared to loosen controls on the yuan.” Zhou: “We just watch the game. Regardless who wins or loses, the issue of whether the winner or loser benefits the spectator doesn’t arise.”

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