The Peoples Bank of China (PBOC) policymakers see no need to strengthen the yuan to tame rising imported inflation, the 21st Century Business Herald reported, citing a domestic economist.
Key quotes
“The current commodity price gains may only be short-term, the U.S. Federal Reserve is likely to tighten liquidity, and commodity supplies can increase.”
“The yuan may not continue to appreciate significantly as other countries regain their production.”
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