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Friday, 19 February 2010
Inflation May Spur Revaluing Of Yuan
Today’s dilemma is familiar to China. That means Beijing may opt for a familiar solution: a variation of the compromise approach it took in July 2005 when it moved off a de facto peg to the dollar. That involved making a small appreciation, then setting the currency on a path of gradual gains. Authorities also widened the yuan’s daily trading band, in a mostly unsuccessful attempt to convince markets that the yuan could go down as well as up.