Yuan Seen Rising Further on Economic Performance: Advisor

China's strong economic performance in recent quarters is likely to drive a further appreciation in the yuan, Zhang Bin, a researcher from the Chinese Academy of Social Sciences, an official think tank, wrote in a blog post published by China Finance 40 Forum. Authorities should not intervene in the yuan market as long as the movement is within 15% this year, Zhang said. Pressure from capital inflows can be countered by exchange rate adjustments and some appreciation won't impact the independence of monetary policy, Zhang said. A stronger yuan may have little impact on exports given demand for Chinese products has been strong, Zhang said.