Monday, October 29, 2012

Yuan investments





The yuan appreciation story is back on the boil. After a steady drop in the volume of yuan deposits held in Hong Kong over the past year and declines registered by the currency (against the US dollar in the middle of the year) on concerns about a decelerating mainland economy, last week the yuan somewhat surprisingly hit a 19-year high. Investors believe the economy is turning a corner, and are coming back into the yuan.









via Business feed http://www.scmp.com/business/money/article/1070452/yuan-investments

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