China: Boosting Exports or Accepting Free Market?
Washington — China’s surprise move this week to readjust the peg at which its yuan trades against the U.S. dollar and other currencies prompted cries of manipulation and sent stocks skidding globally. But some economists think China just undertook a huge step that developed nations have long demanded — letting markets determine the value of its currency. China caught everyone off guard Tuesday when it announced a revision in the way...
