China hints at yuan appreciation -BBC
The Chinese government has hinted that it is planning to gradually increase the value of the yuan next year.
Influential government think-tank State Information Centre said the “trend” would be for the currency to rise.
Such a move by Beijing would be welcomed by the US, which has long claimed that China keeps the yuan artificially undervalued.
China keeps the yuan tied at a fixed rate against the dollar rather than allowing it to trade freely.