IMF Official Says Yuan Nearing Point Where No Longer Undervalued - Bloomberg

IMF Official Says Yuan Nearing Point Where No Longer Undervalued - Bloomberg Business “We are now reaching a point where” the yuan is close to “no longer being undervalued,” Markus Rodlauer, deputy director of IMF’s Asia Pacific Department, said at a briefing in Washington on Friday. There has been “very significant appreciation” of the currency in real effective terms, he said.http://www.bloomberg.com/news/articles/2015-04-17/imf-official-says-yuan-nearing-point-where-no-longer-undervalued?utm_source=The+Sinocism+China+Newsletter&utm_campaign=562f93bee4-Sinocism04_19_15&utm_medium=email&utm_term=0_171f237867-562f93bee4-29615013&mc_cid=562f93bee4&mc_eid=5935182a65