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Yuan could be allowed to revalue

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Yuan could be allowed to revalue

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Speculation is mounting that China could soon revalue its currency, the yuan.

That would please the United States which has said its value is artificially low, giving China an unfair trade advantage and boosting its exports.

Beijing is worries about inflation and the country’s economy overheating.

Several economists are predicting that a five percent appreciation in the yuan will be allowed in the next few weeks.