Premier Wen Jiabao yesterday rebutted criticism that China is deliberately keeping its currency undervalued. Premier Wen claimed that the stability of Yuan played a important role in global economic recovery, and China's currency policy would hinge on the development of domestic economy but not foreign pressure. US recently stepped up the pressure added on China's currency policy in order to resume yuan's appreciation.
New World's property sales tactics have sparked controversy again. The Masterpiece in Tsim Sha Tsui was found that NW have selled 39 flats in advance, and suspected that NW exploited the selling to make a picture of good sell.
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