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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: John McCarthy	11/9/2006 10:44:26 PM
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goldman thinks that china will let the yuan rise ... SEVERE EDIT Wider Band Liang and Yi also said China may widen the 0.3 percent daily band within which the yuan is allowed to trade against the dollar either side of the so-called central parity rate. ``A more flexible and appreciated currency will be a more efficient policy choice,'' they wrote in the report. Neither economist was immediately available to comment. Li confirmed the report in an e-mail. Growing exports and the trade surplus have raised tension with U.S. and European lawmakers, who have urged China to let the yuan strengthen faster, claiming the currency is undervalued and hence gives exporters an unfair advantage by making their goods cheaper. Money flooding into the country is spurring investment and testing the government's resolve in tempering growth and inflation in the world's fastest-growing major economy. bloomberg.com

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