The story appears on

Page A15

October 19, 2009

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business » Economy

Yuan not expected to change very much

THE yuan may trade within a close range against the US dollar this week as China continues to maintain a stable currency despite an improving economy.

The local currency edged up slightly against the US dollar and closed at 6.8270 last Friday, according to the China Foreign Exchange Trade System.

"The yuan may climb against the US dollar, but it will not be a large move," the Bank of China said.

"With exports still falling, China won't allow the yuan to appreciate," National Development and Reform Commission economist Zhang Yansheng said.


Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend