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Chinas economy will grow at 9.2% this year and will become less reliant on exports, according to the World Bank. The banks quarterly update said Chinas politically sensitive trade surplus, which tripled to $102bn (£58bn) in 2005, had peaked. China has been accused of undervaluing its currency, the yuan, in order to gain [...]

found on BBC News: A delegation of US senators is visiting Beijing, amid a clamour in Washington for action over the value of the yuan and its impact on US-Chinese trade. The US Senate will vote this month on a bill to impose tariffs of up to 27.5% on some Chinese goods unless [...]