There are fears that long-term appreciation of the yuan could hit smaller exporters in China, causing them to leave the market and result in the loss of jobs for many. Photo: Bloomberg There are fears that long-term appreciation of the yuan could hit smaller exporters in China, causing them to leave the market and result in the loss of jobs for many. Photo: Bloomberg
There are fears that long-term appreciation of the yuan could hit smaller exporters in China, causing them to leave the market and result in the loss of jobs for many. Photo: Bloomberg
Yuan

China’s appreciating yuan could ultimately damage economy, says former top financial official

  • Guan Tao, a former senior official at the State Administration of Foreign Exchange, says long-term appreciation of the yuan could hurt job creation among small exporters
  • China’s yuan has gained about 12 per cent against the dollar since May 2020, hitting its highest levels in more than three years

Topic |   Yuan
There are fears that long-term appreciation of the yuan could hit smaller exporters in China, causing them to leave the market and result in the loss of jobs for many. Photo: Bloomberg There are fears that long-term appreciation of the yuan could hit smaller exporters in China, causing them to leave the market and result in the loss of jobs for many. Photo: Bloomberg
There are fears that long-term appreciation of the yuan could hit smaller exporters in China, causing them to leave the market and result in the loss of jobs for many. Photo: Bloomberg
READ FULL ARTICLE