Wednesday, January 5, 2011

China to Let Yuan Rise 5% in 2011, Says Official Newspaper

Confirming what was already known as a result of a Wikileaks leaked cable, an  official Chinese-language newspaper, The China Journal, reported yesterday that China will let the yuan rise about 5 percent against the dollar in 2011.

According to Reuters, the yuan's gains will be particularly strong in the first half of this year.

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