China can bear 3-5 pct rise in yuan's value - SAFE

Chinese companies can bear a three to five pct rise in the yuan's value, a foreign exchange regulatory official told the China Economic Times.

Chen Bingcai from the capital account department of the State Administration of Foreign Exchange said in an opinion piece published in the China Economic Times that he supported proper appreciation of the yuan "as soon as possible".

He did not specify over what period the Chinese economy could sustain the three to five pct rise, but noted that last year

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