1Q08 GDP growth was stronger than expected, but at 10.6% yoy was a slowdown from the 11.2% performance in 4Q07. The moderation was attributed to continued macro-tightening policy and emerging signs of weaker global demand. Understandably, net exports declined significantly due to weaker external demand, faster CNY appreciation and robust import growth. Having said that, [...]
China Monitor
April 23rd, 2008 · No Comments
Tags: Asia and China
The View on CNY
April 8th, 2008 · No Comments
10% CNY appreciation expected in 2008. The authorities are increasingly targeting gains against the Euro as well as the USD.
The CNY has appreciated 4% since the start of the year, its largest three-month gain since revaluation in 2005. The annualized pace of appreciation is likewise running around 15%. Rising inflation pressures are a popularly cited [...]
Tags: Chinese Yuan RMB CNY
The CNY should appreciate by 10% pace in 2008. But a one-off revaluation looks ever less likely
April 7th, 2008 · No Comments
The CNY should appreciate by 10% pace in 2008. But a one-off revaluation looks ever less likely. The authorities are turning increasingly cautious in the face of slower export growth and a stabilizing trade surplus. Inflation is not yet a large enough concern to justify a significantly faster pace of appreciation.
China’s economy is showing signs [...]
Tags: Chinese Yuan RMB CNY