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Yuan will buck fall in value: experts

By Wang Xiaotian in Beijing, Yu Ran in Shanghai, and Qiu Quanlin in Guangzhou | China Daily | Updated: 2012-07-04 08:14

Currency set to rise while other emerging economies face problems

The eurozone crisis is taking a toll on emerging economies as their currencies record their biggest falls against the dollar since 1998, but the yuan is well placed to appreciate, analysts said.

"The recent weakness of the yuan and other currencies of emerging economies was not due to depreciation," said Cao Yuanzheng, chief economist at the Bank of China.

Yuan will buck fall in value: experts

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