China's Yuan to Be Tied to Several Currencies

  • Playlist
  • Download
  • Embed
    <iframe src="" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

China's bow to international pressure and revalued its currency. The yuan will be revalued by 2.1 percent, less than what the United States wanted and perhaps not enough to satisfy congressional critics who want protectionist measures to stem the flow of Chinese imports. The yuan will now be pegged to a basket of international currencies.



Please keep your community civil. All comments must follow the Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.

NPR thanks our sponsors

Become an NPR sponsor

Support comes from