{"id":116925,"date":"2010-12-30T23:24:45","date_gmt":"2010-12-31T06:24:45","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=116925"},"modified":"2010-12-31T00:12:18","modified_gmt":"2010-12-31T07:12:18","slug":"yuan-advances-beyond-6-6-per-dollar-for-first-time-since-1993-on-inflation","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2010\/12\/yuan-advances-beyond-6-6-per-dollar-for-first-time-since-1993-on-inflation\/","title":{"rendered":"Yuan Advances Beyond 6.6 Per Dollar for First Time Since 1993 on Inflation"},"content":{"rendered":"<p><a href=\"http:\/\/www.bloomberg.com\/news\/2010-12-31\/yuan-advances-beyond-6-6-per-dollar-for-first-time-since-1993-on-inflation.html\"><strong>Bloomberg reports<\/strong><\/a> on speculation that the Chinese government will allow the currency to rise in order to tame <a href=\"http:\/\/business.financialpost.com\/2010\/12\/27\/chinas-inflation-might-be-too-hot-for-its-goldilocks-economy-next-year\/\">rising inflation<\/a>:<\/p>\n<blockquote><p>\nThe yuan strengthened beyond 6.6 per dollar for the first time since 1993 on speculation China will allow the currency to advance in an effort to tame inflation. The benchmark money-market rate hit a three-year high.<\/p>\n<p>The renminbi climbed 0.5 percent in the past five days, headed for its fifth weekly gain, and reached the strongest level since China unified official and market exchange rates at the end of 1993. The yuan will continue to appreciate, advancing 6 percent next year, said David Cohen, an economist at Action Economics Ltd. in Singapore.<\/p>\n<p>Policy makers \u201crecognize the usefulness of a stronger currency in curbing inflation,\u201d said Cohen. \u201cThe yuan, like other Asian currencies, has very strong fundamentals and the country has a very large current-account surplus.\u201d <\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg reports on speculation that the Chinese government will allow the currency to rise in order to tame rising inflation: The yuan strengthened beyond 6.6 per dollar for the first time since 1993 on speculation China will allow the currency to advance in an effort to tame inflation. The benchmark money-market rate hit a three-year [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[116,2,100,1051],"tags":[1482,1094,350],"class_list":["post-116925","post","type-post","status-publish","format-standard","hentry","category-world","category-economy","category-politics","category-top-article","tag-currency-revaluation","tag-inflation","tag-yuan-rate","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.9 (Yoast SEO v23.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Yuan Advances Beyond 6.6 Per Dollar for First Time Since 1993 on Inflation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2010\/12\/yuan-advances-beyond-6-6-per-dollar-for-first-time-since-1993-on-inflation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yuan Advances Beyond 6.6 Per Dollar for First Time Since 1993 on Inflation\" \/>\n<meta property=\"og:description\" content=\"Bloomberg reports on speculation that the Chinese government will allow the currency to rise in order to tame rising inflation: The yuan strengthened beyond 6.6 per dollar for the first time since 1993 on speculation China will allow the currency to advance in an effort to tame inflation. The benchmark money-market rate hit a three-year [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/chinadigitaltimes.net\/2010\/12\/yuan-advances-beyond-6-6-per-dollar-for-first-time-since-1993-on-inflation\/\" \/>\n<meta property=\"og:site_name\" content=\"China Digital Times (CDT)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ChinaDigitalTimes\" \/>\n<meta property=\"article:published_time\" content=\"2010-12-31T06:24:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2010-12-31T07:12:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"186\" \/>\n\t<meta property=\"og:image:height\" content=\"177\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Sophie Beach\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cdt\" \/>\n<meta name=\"twitter:site\" content=\"@cdt\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sophie Beach\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2010\/12\/yuan-advances-beyond-6-6-per-dollar-for-first-time-since-1993-on-inflation\/#article\",\"isPartOf\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2010\/12\/yuan-advances-beyond-6-6-per-dollar-for-first-time-since-1993-on-inflation\/\"},\"author\":{\"name\":\"Sophie Beach\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/7f19e31b674d57a7dc20aab8e908c663\"},\"headline\":\"Yuan Advances Beyond 6.6 Per Dollar for First Time Since 1993 on Inflation\",\"datePublished\":\"2010-12-31T06:24:45+00:00\",\"dateModified\":\"2010-12-31T07:12:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2010\/12\/yuan-advances-beyond-6-6-per-dollar-for-first-time-since-1993-on-inflation\/\"},\"wordCount\":151,\"publisher\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\"},\"keywords\":[\"currency revaluation\",\"inflation\",\"Yuan rate\"],\"articleSection\":[\"China &amp; the World\",\"Economy\",\"Politics\",\"Top Article\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2010\/12\/yuan-advances-beyond-6-6-per-dollar-for-first-time-since-1993-on-inflation\/\",\"url\":\"http:\/\/chinadigitaltimes.net\/2010\/12\/yuan-advances-beyond-6-6-per-dollar-for-first-time-since-1993-on-inflation\/\",\"name\":\"Yuan Advances Beyond 6.6 Per Dollar for First Time Since 1993 on Inflation\",\"isPartOf\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#website\"},\"datePublished\":\"2010-12-31T06:24:45+00:00\",\"dateModified\":\"2010-12-31T07:12:18+00:00\",\"breadcrumb\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2010\/12\/yuan-advances-beyond-6-6-per-dollar-for-first-time-since-1993-on-inflation\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/chinadigitaltimes.net\/2010\/12\/yuan-advances-beyond-6-6-per-dollar-for-first-time-since-1993-on-inflation\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2010\/12\/yuan-advances-beyond-6-6-per-dollar-for-first-time-since-1993-on-inflation\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/chinadigitaltimes.net\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Yuan Advances Beyond 6.6 Per Dollar for First Time Since 1993 on Inflation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#website\",\"url\":\"https:\/\/chinadigitaltimes.net\/\",\"name\":\"China Digital Times (CDT)\",\"description\":\"Covering China from Cyberspace\",\"publisher\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/chinadigitaltimes.net\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\",\"name\":\"China Digital Times\",\"url\":\"https:\/\/chinadigitaltimes.net\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg\",\"contentUrl\":\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg\",\"width\":186,\"height\":177,\"caption\":\"China Digital Times\"},\"image\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/ChinaDigitalTimes\",\"https:\/\/x.com\/cdt\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/7f19e31b674d57a7dc20aab8e908c663\",\"name\":\"Sophie Beach\",\"description\":\"Sophie Beach is CDT's Operations and Communications Manager. From 2003-2021, she served as Executive Editor of CDT English. She lives in Berkeley, California.\",\"sameAs\":[\"http:\/\/chinadigitaltimes.net\"],\"url\":\"https:\/\/chinadigitaltimes.net\/author\/sophie-beach\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Yuan Advances Beyond 6.6 Per Dollar for First Time Since 1993 on Inflation","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"http:\/\/chinadigitaltimes.net\/2010\/12\/yuan-advances-beyond-6-6-per-dollar-for-first-time-since-1993-on-inflation\/","og_locale":"en_US","og_type":"article","og_title":"Yuan Advances Beyond 6.6 Per Dollar for First Time Since 1993 on Inflation","og_description":"Bloomberg reports on speculation that the Chinese government will allow the currency to rise in order to tame rising inflation: The yuan strengthened beyond 6.6 per dollar for the first time since 1993 on speculation China will allow the currency to advance in an effort to tame inflation. The benchmark money-market rate hit a three-year [&hellip;]","og_url":"http:\/\/chinadigitaltimes.net\/2010\/12\/yuan-advances-beyond-6-6-per-dollar-for-first-time-since-1993-on-inflation\/","og_site_name":"China Digital Times (CDT)","article_publisher":"https:\/\/www.facebook.com\/ChinaDigitalTimes","article_published_time":"2010-12-31T06:24:45+00:00","article_modified_time":"2010-12-31T07:12:18+00:00","og_image":[{"width":186,"height":177,"url":"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png","type":"image\/png"}],"author":"Sophie Beach","twitter_card":"summary_large_image","twitter_creator":"@cdt","twitter_site":"@cdt","twitter_misc":{"Written by":"Sophie Beach","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"http:\/\/chinadigitaltimes.net\/2010\/12\/yuan-advances-beyond-6-6-per-dollar-for-first-time-since-1993-on-inflation\/#article","isPartOf":{"@id":"http:\/\/chinadigitaltimes.net\/2010\/12\/yuan-advances-beyond-6-6-per-dollar-for-first-time-since-1993-on-inflation\/"},"author":{"name":"Sophie Beach","@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/7f19e31b674d57a7dc20aab8e908c663"},"headline":"Yuan Advances Beyond 6.6 Per Dollar for First Time Since 1993 on Inflation","datePublished":"2010-12-31T06:24:45+00:00","dateModified":"2010-12-31T07:12:18+00:00","mainEntityOfPage":{"@id":"http:\/\/chinadigitaltimes.net\/2010\/12\/yuan-advances-beyond-6-6-per-dollar-for-first-time-since-1993-on-inflation\/"},"wordCount":151,"publisher":{"@id":"https:\/\/chinadigitaltimes.net\/#organization"},"keywords":["currency revaluation","inflation","Yuan rate"],"articleSection":["China &amp; the World","Economy","Politics","Top Article"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"http:\/\/chinadigitaltimes.net\/2010\/12\/yuan-advances-beyond-6-6-per-dollar-for-first-time-since-1993-on-inflation\/","url":"http:\/\/chinadigitaltimes.net\/2010\/12\/yuan-advances-beyond-6-6-per-dollar-for-first-time-since-1993-on-inflation\/","name":"Yuan Advances Beyond 6.6 Per Dollar for First Time Since 1993 on Inflation","isPartOf":{"@id":"https:\/\/chinadigitaltimes.net\/#website"},"datePublished":"2010-12-31T06:24:45+00:00","dateModified":"2010-12-31T07:12:18+00:00","breadcrumb":{"@id":"http:\/\/chinadigitaltimes.net\/2010\/12\/yuan-advances-beyond-6-6-per-dollar-for-first-time-since-1993-on-inflation\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["http:\/\/chinadigitaltimes.net\/2010\/12\/yuan-advances-beyond-6-6-per-dollar-for-first-time-since-1993-on-inflation\/"]}]},{"@type":"BreadcrumbList","@id":"http:\/\/chinadigitaltimes.net\/2010\/12\/yuan-advances-beyond-6-6-per-dollar-for-first-time-since-1993-on-inflation\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/chinadigitaltimes.net\/"},{"@type":"ListItem","position":2,"name":"Yuan Advances Beyond 6.6 Per Dollar for First Time Since 1993 on Inflation"}]},{"@type":"WebSite","@id":"https:\/\/chinadigitaltimes.net\/#website","url":"https:\/\/chinadigitaltimes.net\/","name":"China Digital Times (CDT)","description":"Covering China from Cyberspace","publisher":{"@id":"https:\/\/chinadigitaltimes.net\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/chinadigitaltimes.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/chinadigitaltimes.net\/#organization","name":"China Digital Times","url":"https:\/\/chinadigitaltimes.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/","url":"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg","contentUrl":"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg","width":186,"height":177,"caption":"China Digital Times"},"image":{"@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ChinaDigitalTimes","https:\/\/x.com\/cdt"]},{"@type":"Person","@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/7f19e31b674d57a7dc20aab8e908c663","name":"Sophie Beach","description":"Sophie Beach is CDT's Operations and Communications Manager. From 2003-2021, she served as Executive Editor of CDT English. She lives in Berkeley, California.","sameAs":["http:\/\/chinadigitaltimes.net"],"url":"https:\/\/chinadigitaltimes.net\/author\/sophie-beach\/"}]}},"_links":{"self":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/posts\/116925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/comments?post=116925"}],"version-history":[{"count":0,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/posts\/116925\/revisions"}],"wp:attachment":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/media?parent=116925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/categories?post=116925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/tags?post=116925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}