China worries about yuan’s rise

Rising fear: China’s commerce ministry officials are said to have expressed concerns over the yuan’s surge. — Reuters

Central bank fears rapid ascent can affect exporters and economy

CHINESE policymakers are beginning to worry about a rallying yuan as exporters come under strain, policy insiders say, a signthe currency’s gains might lose steam after it scaled a near two-year top on the US dollar as Beijing prepares for a crucial Communist Party gathering in the autumn.