You are here

China can't afford to let yuan slide quickly

Median of more than 30 forecasts puts the onshore yuan 1.5% stronger by the year-end at 6.15 against the dollar

The dilemma is that any gains would risk blunting China's stimulus and hurt an economy that's already slowing by making exports less competitive just after they suffered a surprise drop.

New York

CHINA, like much of the world, is beefing up monetary stimulus to boost its economy. Yet, unlike its peers, it probably won't let its currency depreciate to help.

Sustained weakness in the yuan would make it more expensive to repay the US$1.1 trillion of debt the Bank for