Wed, Aug 13, 2003 - Page 11 News List

Business told to hold onto yuan

CROSS-STRAIT With the revaluation of Chinese currency expected to take place soon, economists said firms in China should take steps to capitalize on a rising yuan

By Joyce Huang  /  STAFF REPORTER

All three panelists at the seminar warned that a stronger yuan may render the further pressure on the NT dollar to rise, hurting Taiwan's chance of attracting foreign direct investments, although it may also bring in new commercial opportunities to China's neighbors, including Taiwan.

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