The 21st Century Business Herald carried an editorial opinion piece on Friday, commenting on the yuan appreciation and its implications on the Chinese manufacturing sector. Key quotes “The yuan’s recent surge may attract capital inflow and encourage speculative trading which can hurt industry development and economic growth in the long term.” “The healthy growth of the manufacturing industry depends on stable exchange rates and costs, while excess liquidity and capital inflow create inflation risks and fan asset prices.” “Policymakers should beware of a stronger yuan’s impact on the competitiveness of Chinese goods given that businesses already face rising raw material costs.” Chinese yuan seen firmer at 6.5 vs. dollar over next 12 months – Goldman Sachs 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 Cardano Market Update: ADA trends horizontally despite spike in developer activity FX Street 1 year The 21st Century Business Herald carried an editorial opinion piece on Friday, commenting on the yuan appreciation and its implications on the Chinese manufacturing sector. Key quotes “The yuan's recent surge may attract capital inflow and encourage speculative trading which can hurt industry development and economic growth in the long term.” “The healthy growth of the manufacturing industry depends on stable exchange rates and costs, while excess liquidity and capital inflow create inflation risks and fan asset prices.” “Policymakers should beware of a stronger yuan's impact on the competitiveness of Chinese goods given that businesses already face rising raw material… Top 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.
