13/04/2010: Daily Economic Headlines, The Direction of the Chinese Yuan

China to float Yuan by June 30 to avoid a one-off jump.

  • China may allow the Yuan to appreciate by June 30 to curb inflation while avoiding a one-time jump in value that might endanger exports.
  • China which relies on manufacturers to help create jobs for 230 million migrant workers will safeguard its own economic and social development needs when deciding exchange-rate policy.
  • Allowing the currency to appreciate would temper inflation after a 17 percent surge in import prices in March.
Comments
One Response to “13/04/2010: Daily Economic Headlines, The Direction of the Chinese Yuan”
  1. jamesesz says:

    The link below would lead to a video on China’s yuan policy:
    http://www.youtube.com/user/Newsydotcom#p/search/10/oV6OlpamTZA

    I have no idea how to place it WordPress yet. It seems that it isnt working for some reason. >.<

    Yours Sincerely,
    James Ee Suen Zheng

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