Learn Chinese - Soros opposed e Home Business China International Culture��Edu Sci��Tech Sports Life Travel P hotos ��Search China Observer �� Environmental protection at a crucial moment �� Why are Chinese disinclined to show wealth? �� Rapid growth in China's foreign reserves is rational Photos �� World's largest organ museum �� French sculptures exhibited in Harbin �� 9,999 yuan for the 1st New Year strikes of bell & drum ��Home>> Soros opposed excessive pressure on RMB www.chinanews.cn 2005-02-01 13:51:38 Chinanews, Jan.31 - At the World Economic Forum currently being held in Davos, Switzerland, big-time international financier George Soros indicated on January 29 that western countries should not exert excessive pressure on the RMB to appreciate. The issue of the RMB versus the US dollars has become a focal point at the World Economic Forum over the past few days. At a press conference of the Davos World Economic Forum on January 29, Soros made an appeal for western countries not to exert too much pressure on the Chinese government over the issue of the RMB exchange rate, given that China's economy is currently growing rapidly and showing relatively good prospects. Soros also mentioned that since China has been imposing strict controls on its exchange rate markets, it would be impossible for international "hot money" to force the RMB to appreciate. ��Chinese minister to attend G7 to discuss the RMB (2005-01-28) ��Wrong timing for adjusting the RMB (2005-01-27) E-mail: zhangqinghua@chinanews.com.cn Tel: 8610-88387443 Fax: 8610-68327649 Copyright� 2004 Chinanews.com. All rights reserved. Reproduction in whole or in part without permission is prohibited. Disclaimer: viewpoints in the website do not represent China News Service Learn Chinese xcessive pressure on RMB