Chinese Premier Wen Jiabao said the government will cool property prices, resist pressure for the yuan to appreciate and keep inflation at ‘reasonable’ levels.
Ã¢â‚¬Å“Property prices have risen too quickly in some areas and we should use taxes and loan interest rates to stabilizeÃ¢â‚¬Â them, Wen said yesterday in an online interview with the official Xinhua News Agency. China will Ã¢â‚¬Å“absolutely not yieldÃ¢â‚¬Â to calls for currency gains, he said.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.