China may permit record yuan appreciation this year as it tries to boost confidence in its currency and enhance local companies’ purchasing power overseas, according to Stephen Jen, chief investment officer at Eurizon SLJ Capital.
Eurizon’s Jen Sees Chinese Yuan Rallying by Record 9% This Year
China may permit record yuan appreciation this year as it tries to boost confidence in its currency and enhance local companies’ purchasing power overseas, according to Stephen Jen, chief investment officer at Eurizon SLJ Capital.
This article was originally published by
Bloomberg Markets
and is republished here under license.
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