Yuan appreciation decelerates

Note: This section contains information in English only.
Source: China.org.cn
© Scanpix/Reuters

China's banks reported weaker yuan position for the first time in four years. The outflow indicates that investors' sentiment was impacted by projected slowdown of the China's economy. FDI decreased by 25% in Q3 to $35.9 billion and trade surplus narrowed accounting less than 1.6% of GDP in 2011. Experts project depreciation of the yuan in the following two years.

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