China Housing & Land Development Reports Financial Results for the First Quarter 2008
China should allow its currency to appreciate "faster than it has been" to slow inflation and encourage consumer spending, said David Burton, a director of the International Monetary Fund. The yuan rose the least in more than a year last month, signaling the central bank may be adjusting its policy of using faster gains to damp inflation, which is near an 11-year high. China allowed the...
article toolbox 
photo: WN/Patricia
