Sunday, March 7, 2010

Two Different Spins On Chinese Yuan

The New York Times headline for their story on recent statements of the governor of the People's Bank of China, Zhou Xiaochuan, reads: "China’s Bank Chief Says Currency Is Unlikely to Rise." Read about the same story in the British newspaper The Telegraph, and you are met with this headline: "China ready to end dollar peg," in other words, the exact opposite.

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