The China Daily runs the headline “Yuan’s trading reform gains momentum, risk prevention needed.” Expanding the yuan’s floating band is a significant step of the yuan’s trading reform, but will also increase trading risks for export-oriented firms and banks in the short run, said Lian Ping, chief economist with Bank of Communications. The exchange rate…

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China’s exporters may see fewer orders for low-end products in the months ahead. More than half of respondents to a Global Sources’ survey of buyers of China products say they will be increasing their sourcing from other countries. This comes in response to rising export prices from China, driven by escalating costs and expected strengthening of the yuan.

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