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Expert warns of RMB depreciation

06-03-2011 11:27 BJT

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For all the yuan's appreciation this year, a former member of China's monetary policy committee has warned otherwise - that yuan may not continue to rise against the US dollar.

Speaking at a forum in Hong Kong, Fan Gang said the upward trend of yuan's value could reverse. He also points out the RMB's appreciation against the greenback in real terms -- that is, taking the inflation difference between the two countries into account -- was 9 percent in 2010.

Fan says the currency is not really being internationalized, rather it's being "regionalised" or "Hong Kong-ised".

Editor:Xiong Qu |Source: CNTV.CN

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