January 9, from the China Foreign Exchange Trading Center, the latest data shows that January 8 yuan central parity rate against the U.S. dollar reported 6.8375, 14 basis points higher than the previous session, ending three trading days of continuous downward momentum.China news agency Fa Shao-Chang
BEIJING, January 30 Xinhua Hong Kong," Wen Wei Po" invoke" Wall Street Journal" reported that Morgan Stanley Asia Chairman Stephen Roach recentlysaid that China's foreign exchange policy is still unsatisfactory, and at a time of economic slowdown, the United States recently to the Chinese Government's appreciation of the renminbi requirements and desirable.


reported that Roach at the World Economic Forum accepted the RoadJones news agency interview.He said that China three years ago, the RMB exchange rate mechanism had a major adjustment, but now, because China's economic situation is difficult, the slower pace of yuan appreciation is also very natural.


Roach said the U.S. government should believe that the efforts made by the Chinese side,and recognizing that China, like other major economies are also facing the same economic difficulties.China's economic slowdown, the United States put forward the yuan revaluation requirement is unreasonable.


Roach's remarks aimed at the U.S. Treasury Secretary Timothy* Geithner at a Congressional hearing last Thursday's speech, the then-Treasury Secretary nominee's Geithner said the President Obama that China is manipulating its currency.


In addition, IMF Managing Director Dominique Strauss -Sri Lanka - Kahn Monday released the renminbi exchange rate has been seriously underestimated the view Roach also made a rebuttal.
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