Caixin OnlineFinance & EconomicsTop Stories Finance Yuan Will Appreciate to 5.7 against U.S. Dollar, Think Tank Forecasts
11.05.2012 18:22

Yuan Will Appreciate to 5.7 against U.S. Dollar, Think Tank Forecasts

The country's continued growth seen as spurring its currency to strengthen over the next five years
By staff reporter Lin Jinbing
A

(Beijing) – China's currency will gradually appreciate against the U.S. dollar by nearly 10 percent over five years, a report by a private think tank predicts.

In 2017, the exchange rate of the yuan against the US dollar would be 5.7, up about 9.5 percent from the current 6.3 level, Beijing-based West Brothers Economic Research Institute said.

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