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  • He reiterated the government will not unpeg the currency.
  • He reiterated the government will not unpeg the Hong Kong currency to the U . S . dollar.
  • The US-dollar hegemony in the region is expected to weaken as countries unpeg their currencies from the greenback.
  • Luxembourg Prime Minister Jean-Claude Juncker, who takes over the euro group in January, called on China to unpeg its currency to help out Europe.
  • "There are fears that if they unpeg, they can open the central bank to a weaker stance on budget deficits and inflation, " said Lino Lourenco, an economist with Daiwa Securities in London.
  • Meeting with Bush on Sunday, Chinese President Hu Jintao supported the idea of floating the yuan in theory, but warned that any quick move to unpeg the currency from the dollar would be destabilizing, according to a U . S . official.
  • Richard Babson, chairman and president of Babson United Inc ., an investment advisory firm with $ 2 billion under management, said : " We expect the Chinese to devalue and unpeg the Hong Kong dollar in the first quarter of next year.
  • "Until the Europeans and the U . S . formulate a joint strategy to unpeg the ( Chinese ) yuan substantially _ about 40 percent because it has been pegged for so long that it is grossly out of adjustment _ the situation will not change, " he said.
  • Even the People's Bank of China has been accorded great latitude, though in China the official role of the bank remains that of a national bank rather than a central bank, underlined by the official refusal to " unpeg " the yuan or to revalue it " under pressure ".