New York Times, Published: July 21, 2005, China Says It Will No Longer Peg Its Currency to the U.S. Dollar
Kin Cheung/Associated Press, A money exchange shop in Hong Kong.
USA Today，Posted 7/21/2005 9:47 PM Updated 7/22/2005 12:04 AM
First step: China will stop pegging yuan to dollar
Fistful of yuan: Fed chairman calls China's currency move 'a good first step. By Pang Xinglei, AP
www.earthtimes.org, Posted on : Sun, 24 Jul 2005 09:02:00 GMT | Author : Alan Cross
BEIJING: China's revaluation of the yuan may not have any impact on the U.S. trade deficit, governor of People's Bank of China Zhou Xiachuan said Saturday. It will, however, help balance global trade, Zhou said detailing the 2.1 per cent revaluation of the Chinese currency on Thursday last.
New York Times, Published: July 22,
China No Longer to Peg Currency Only to Dollar Chinese currency being counted at a branch of the China Construction Bank in Haian. China Newsphoto/Reuters.
www.cbs-cbnnews.com, July 24, 2005
China's central bank upbeat on yuan revaluation BEIJING - The head of China's central bank on Saturday described this week's revaluation of the yuan as an initial step whose benefits outweighed its drawbacks.
BBC, Last Updated: Friday, 22 July, 2005, 11:00 GMT 12:00 UK
The yuan is no longer pegged to the dollar
China's Currency Rises Against Dollar
By CHRISTOPHER BODEEN, The Associated Press, Friday, July 22, 2005; 7:15 AM
A newspaper distributor posts news of the Chinese government's move to strengthen the state-set exchange rate of the yuan to 8.11 to the dollar _ from 8.277 where it had been fixed for more than a decade, outside of the China's Central bank in Beijing Friday July 22, 2005. China on Thursday dropped its politically volatile policy of linking its currency to the U.S. dollar, adopting a more flexible system based on a basket of foreign currencies that could push up the price of Chinese exports to the United States and Europe.(AP Photo/Elizabeth Dalziel)
Despite revaluation, global currency long way off for China
Posted: 25-Jul-2005 07:34 hrs
A bank teller counts the stack of Chinese yuan and US dollars at a bank. By abandoning the dollar peg and allowing the yuan to appreciate slightly, China has embarked on a long road toward making its currency truly global, economists said.
Webpronews.com Yuan Reform Does Little To Repair U.S. Deficits?
CRI, China's RMB Change Applauded Worldwide
Taipeitimes.com, July 25, 2005
A woman counts Chinese banknotes in a savings office in Hai'an in China's Jiangsu Province on Friday, a day after China's revaluation of its currency.