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China Should Favor Stronger Yuan to Buoy Economy, Aberdeen Says (Bloomberg)

Jan. 30 (Bloomberg) -- China should seek a stronger yuan to boost spending by its consumers as exports slump, said Aberdeen Asset Management Plc. The Chinese currency is at least 30 percent undervalued by some measures, said Peter Elston , a Singapore-based strategist at Aberdeen Asset, which manages the equivalent of $27 billion in Asia. A stronger yuan will benefit the economy as China will ...
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