Financial China

2011: a year of big change for the renminbi

  • Published 24 Feb 2011

Labour shortages, rising import inflation and a relatively permissive political atmosphere should make 2011 a notable year for renminbi appreciation and internationalisation.

This year could be a big one for the renminbi. China's perennial employment crisis has morphed into a labour shortage (see Big Call), the bill for imported commodities, such as oil, is rising ever higher and a successful visit by President Hu Jintao to Washington DC has created a relatively permissive political atmosphere.

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