Why a Booming China May Let the Yuan Climb


With China's GDP again expanding at a blistering 10.7% pace, Chinese officials have been scrambling to curb record bank lending in a bid to stave off overheating. Now, with the worst of the global financial crisis in the rearview mirror, but the specter of inflation an increasing possibility, Beijing may finally make a move that governments around the world have long been pushing for: letting the yuan appreciate in value.