China c.bank adviser says QE2 to up pressure on yuan

BEIJING, Nov 4 (BestGrowthStock) – A fresh round of monetary easing
by the United States will definitely place appreciation pressure
on the yuan, an adviser to the Chinese central bank said on
Thursday.

Li Daokui, an academic adviser to the People’s Bank of China,
also told reporters at a forum that results of U.S. midterm
elections provided a feeling of relief because they should reduce
political calls for China to let its currency rise.
(Reporting by Aileen Wang and Simon Rabinovitch; Editing by Ken
Wills)

China c.bank adviser says QE2 to up pressure on yuan