The central bank obviously would like to see two-way movement. That to a large extent depends on what happens with policies. For example, the relaxation of restrictions on capital flows takes away some of the upward pressure on the yuan.
More Quotes from Tim Condon:
If the US dollar remains firm, then flows looking for an appreciation of the yuan will remain at their 2005 levels or lower and we're forecasting a more or less unchanged trade surplus.Tim Condon
Chinese producers will remain competitive in a wide range of manufactured products for some time.
Tim Condon
Investors are conditioned to see politics-induced pricing weakness as a buying opportunity and our base case is that this time will prove no different. Still, this is shaping up as an exciting week.
Tim Condon
China's trade surplus has become a structural feature of the economy, so while political pressure may grow, the economic argument for a stronger yuan is weak,
Tim Condon
Political noise has gone up ahead of the 20th anniversary of People Power I on Feb. 25.
Tim Condon
The January-February surplus was 1.3 billion wider year-on-year, which highlights the pressure on the central bank as it attempts to dissipate some of the upward pressure.
Tim Condon
Readers Who Like This Quotation Also Like:
Based on Topics: Capital Quotes, Relaxation QuotesI get a little jealous of these actor boys. They walk into a club, and in two seconds flat there are swarms of girls who are wanting so badly to touch them or just say hello. That's not the case with me, or any other girl I know.
Claire Danes
I've always regarded nature as the clothing of God.
Alan Hovhaness
I was much distressed by next door people who had twin babies and played the violin; but one of the twins died, and the other has eaten the fiddle, so all is peace.
Edward Lear