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Yuan Should Be Allowed to Appreciate Amid Global Inflation: Herald

CHINA PRESS
MNI (Singapore)

The yuan should be allowed to gain appropriately given that China’s inflation is more stable while other major economies grapple with high inflation and the consequent recession, the 21st Century Business Herald said in an editorial. China can maintain self-sufficiency in agricultural products including grain and fertilizer, although it needs imports of cooking oil and animal feed, it said. China may however be pressured by a global recession, so it should actively improve income distribution and promote the “inner circulation” of its domestic economy, it said.

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