(Bloomberg) -- China may allow the yuan to trade
freely after Beijing hosts the Olympics next year, seeking to
curb excessive lending and cool the economy, said Suan Teck Kin,
an economist at United Overseas Bank Ltd.
The government will probably allow a so-called free-
floating currency a year after reshuffling its leadership in
October, Singapore-based Suan said in an interview. He predicts
the currency will strengthen 1.9 percent by the end of the year
to 7.43 per dollar and 6.9 percent to 7.08 by the end of 2008.
Read more at Bloomberg Bonds News
freely after Beijing hosts the Olympics next year, seeking to
curb excessive lending and cool the economy, said Suan Teck Kin,
an economist at United Overseas Bank Ltd.
The government will probably allow a so-called free-
floating currency a year after reshuffling its leadership in
October, Singapore-based Suan said in an interview. He predicts
the currency will strengthen 1.9 percent by the end of the year
to 7.43 per dollar and 6.9 percent to 7.08 by the end of 2008.
Read more at Bloomberg Bonds News
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