A Talk with China's Banking Chief

Dai Xianglong says he expects the worldwide slowdown to put downward pressure on other Asian currencies -- but not China's

China's top central banker has a worried eye on the slowing global economy these days. Dai Xianglong, governor of the People's Bank of China, says he expects "for sure" the Japanese yen and other Asian currencies will weaken as a result of the slowing U.S. economy and continuing regional sluggishness. But Dai told BusinessWeek Online he won't allow the Chinese currency, the yuan, to depreciate.

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