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China Inc on buying spree of foreign firms

Momentum driven by expectations of a weaker yuan in the longer term

After the worst start to a year in two decades drove the yuan to a 2011 low this January, the currency has climbed 1.7 per cent to 6.4876 a dollar.

Hong Kong

CHINA Inc can't buy foreign companies fast enough, and the yuan's trajectory helps explain why.

The Chinese currency will weaken 3.3 per cent versus the dollar by year-end, a Bloomberg survey of strategists found, with the world's largest foreign-exchange trader Citigroup

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