IMF says no clear evidence China yuan undervalued

The IMF said on Tuesday 18 November that there is no evidence that the yuan is undervalued. In a review of the Russian economy the Fund said more flexibility of the yuan, also known as the renminbi, would be in China's own interest. It would allow China more room to pursue an independent monetary policy and help cushion the economy against external shocks, the report said.

Source: Reuters

The International Monetary Fund said on Tuesday there is no clear evidence that China's yuan is substantial