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Yuan Should Rise in Long-Run, China Professor Writes in Daily

Most Chinese policy makers agree that the yuan should rise in the long-run due to rapid productivity growth and structural imbalances, Huang Yiping, a professor of economics at Peking University’s China Center for Economic Research, wrote in a commentary published in today’s China Daily newspaper.

A steady revaluation of the yuan is needed by China’s changing economic conditions, Huang wrote. It is “reasonable” to expect an average rise in the yuan of about 5 percent a year against a basket of currencies, Huang wrote.

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