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China's yuan appreciation expected to continue in 2021
So far, the central bank's efforts to control inflows have not tempered enthusiasm for the currency
Published Mon, Dec 28, 2020 · 09:50 PM
Beijing
CHINA'S currency has been rising for the past six months, with analysts expecting more appreciation of the yuan well into 2021.
Since May, the yuan has gained more than 10 per cent against the US dollar. Capital inflows are coming in on the back of the promise of higher economic growth in China, stronger interest rates and performing stock markets.
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