China Briefings
Reports on China issued by Samsung Economic Research Institute
China Business Intelligence No. 181
Samsung Economic Research Institute Beijing Office
Nov. 18, 2010
In September, the Federal Reserve Board decided on the initiation of the second round of quantitative easing, following the first round of quantitative easing in 2008. Along with this, the US government demanded an appreciation of the yuan, criticizing that the yuan was too undervalued and appreciated too slowly. The Chinese government strongly opposed the allegation, raising tension over a possible currency war.
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