Yuan free to rise five per cent against dollar in 2011

first_img IN a bid to tackle its problematic inflation, China will let the yuan rise by around five per cent against the dollar this year, it was revealed yesterday.However, any appreciation will do little to narrow China’s trade surplus with the US, a Chinese government official warned.The trade imbalance is a constant source of irritation between the two countries.“Yuan appreciation will make imports cheaper to reduce the impact of rising commodity prices, providing relief from inflationary pressure,” a Chinese language newspaper reported.The yuan is expected to be about three per cent higher in a year’s time, according to pricing in offshore forwards markets.China let the yuan rise 3.6 per cent in 2010. But traders expect the yuan to appreciate about two per cent in the first quarter of 2011 alone. Show Comments ▼ Yuan free to rise five per cent against dollar in 2011 Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com whatsappcenter_img Wednesday 5 January 2011 7:45 pm whatsapp KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Tags: NULLlast_img

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