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Expert: Yuan likely to rise 3 percent by year end

06-25-2010 09:05 BJT

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Central bank adviser, Li Daokui, says the yuan is likely to rise about 3 percent against the dollar by the end of this year. That's assuming the euro stays around current levels against the U.S. dollar.

He says the reform of the exchange rate regime announced at the weekend will help tame inflation. He also says freeing up the yuan is unlikely to trigger big inflows or outflows of capital.

Editor:Xiong Qu |Source: CCTV.com

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