The Chinese yuan is expected to rise to the highest levels in almost 30 years to 6.00 amid strong foreign inflows into the country’s bond and stock markets, Liu Li-gang, Chief China economist at Citigroup Inc said in his latest note. Key quotes (via Bloomberg) “A “flood” of foreign cash will chase yuan-denominated assets in 2021 because they’ll offer far better yield than the rest of the world.” “The problem China faces next year will be huge, unrelenting capital inflow.” “The yuan’s appreciation will be a key threat to China’s macro economy.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/JPY rises on Brexit deal hopes FX Street 2 years The Chinese yuan is expected to rise to the highest levels in almost 30 years to 6.00 amid strong foreign inflows into the country’s bond and stock markets, Liu Li-gang, Chief China economist at Citigroup Inc said in his latest note. Key quotes (via Bloomberg) “A “flood” of foreign cash will chase yuan-denominated assets in 2021 because they’ll offer far better yield than the rest of the world.” “The problem China faces next year will be huge, unrelenting capital inflow.” “The yuan’s appreciation will be a key threat to China’s macro economy.” Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.