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Yuan May Not Be Strong as Market Forecasts: Sina

CHINA PRESS

The yuan may not be as strong as the market has predicted because developed economies are likely to recover following vaccinations against Covid-19 and China's exports growth may also decline, Sina.com reported citing Guan Tao, an economist with BOC International Securities and a former official with China's central bank. Citing another view, Sina reported comments from Haibin Zhu, the chief economist with JP Morgan, who said the yuan will maintain a strong trend through the first half of 2021 and surge past 6.25 yuan by the year end.

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