Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

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

Don't Miss Out —
Follow us on:

Aug. 10 (Bloomberg) -- 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.

To contact the editor responsible for this story: Bloomberg News at jliu42@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.