China yuan move likely this year, but not due to G7


  • Business
  • Saturday, 14 Feb 2004

SINGAPORE: China will probably adopt a new currency policy this year which would allow the yuan to strengthen at least a little, but not in response to pressure from the Group of Seven (G7), according to a majority of analysts polled by Reuters. 

Fourteen of the 25 analysts polled said they expected a change in the yuan before the end of the year, most likely in the second half. Three saw a move next year, and eight said they could not see a change in the foreseeable future. 

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