Monday, November 23, 2009

China hints at resumption of yuan appreciation

Quite a while ago, but news of China hinting resumption of yuan appreciation. It was one of the reason why I like to invest in China companies but didn't seem to occur. I was searching for the article and instead found a contrasting view a couple of week before the article saying China yuan will be maintained till export recovered.

Not sure what to follow, but I believe in the long term, other countries will keep pressuring China to appreciate their yuan so Chinese will import their goods.

Reuters - China hints resumption of yuan
STI - China maintain weak yuan

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