China may appreciate yuan in one year

Britain News.Net
Thursday 26th November, 2009

The pressure on China to allow its currency to appreciate has been growing.

Bankers in China have suggested while China may allow the yuan to appreciate, it will still be twelve months before anything happens.

While China has been asked by its trading partners to push the value of its currency upward, it has kept to its position that it will proceed with currency reforms at its own pace.

China's key trading partners are arguing that the yuan is undervalued, creating imbalances with other major economies.

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