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Yuan May Appreciate in 2021: Ex-PBOC Advisor

CHINA PRESS
MNI (Sydney)

The Chinese yuan is likely to appreciate over 2021 as the economy continues to perform, though it may come under pressure if the western economies shake off the effects of the pandemic and withdraw easing measures, Huang Yiping, a former member of the PBOC Monetary Policy Committee, said in an interview with the China Finance 40 Forum. Though the Federal Reserve seems unlikely to substantially adjust its monetary policy this year, China should take precautions from now on to prevent possible capital outflows, rising interest rates and currency devaluation, Huang said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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