China may allow the yuan to appreciate in "a bigger one-off move than people talk about,"...

|By:, SA News Editor

China may allow the yuan to appreciate in "a bigger one-off move than people talk about," Goldman Sachs' Jim O'Neill says, probably by at least 5% to cool down the economy. "They may also consider having a wide band to let it move more frequently on the daily basis to stop speculative players.” (ETFs: CNY, CYB)