IMF believes yuan is 'substantially undervalued': Wall Street Journal

The newspaper said the IMF's opinion, in a review of the world's third-largest economy, was backed by the United States, Germany, France and Britain among others.

A full analysis would likely be released in September unless China withholds its permission, it reported on its website www.wsj.com.

A U.S. Treasury official also said on Monday that the yuan remained clearly undervalued and that the Treasury Department was closely monitoring it.

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