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Wednesday, June 25, 2008

CORRECT: IMF's Strauss-Kahn: Chinese Yuan 'Substantially' Undervalued -2-

2008.06.25 12:44:27
The managing director of the International Monetary Fund, Dominique Strauss-Kahn, said Tuesday on the sidelines of a meeting of finance ministers from the Americas and the Caribbean that the valuation of the renminbi is not the only cause for global imbalances at all, but it's part of it.

The renminbi is also known as the yuan.

(In a story published June 24 at 3:11 p.m., EDT, "IMF's Strauss-Kahn: Chinese Yuan 'Substantially' Undervalued," the name of the currency was misspelled throughout)

(END) Dow Jones Newswires

June 25, 2008 04:25 ET (08:25 GMT)

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