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Yuan to Trade Around 6.4-6.5 Against Dollar in 2021: Daily

CHINA PRESS
MNI (Sydney)

The Chinese yuan is likely to trade at around 6.4-6.5 against the U.S. dollar this year, the Economic Information Daily reported citing a report by the Chinese Academy of Social Sciences. China's GDP may reach about 8% growth and policymakers should maintain policy continuity as well as prudently defuse financial risks including establishing "sustainable" model of debt growth, the newspaper said citing the Academy. Inflationary pressure will be moderate in 2021 and the macro leverage ratio may rise, the newspaper 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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