PBoC's Zhou sees yuan appreciating faster

Yuan appreciation is likely to accelerate if the country's trade surplus keeps growing, People's Bank of China (PBoC) governor Zhou Xiaochuan told the Hong Kong Commercial Daily in an interview published Tuesday 27 February.

In comments similar to those he made in January, Zhou, pointed out that supply and demand in the foreign exchange market is closely related to trade and capital inflows.

"If the trade surplus expands then the pace of yuan appreciation may be faster," he told the newspaper,