The Chinese central bank's latest rate for the yuan is set at a level that indicates Beijing is...

|By:, SA News Editor

The Chinese central bank's latest rate for the yuan is set at a level that indicates Beijing is engineering only a very gradual appreciation of the currency against the dollar. Mark Mobius says the gradual nature of the yuan shift won't make China's stocks better buys. But it's a step forward in China's goal of becoming a global financial center.