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China's Industrial Production, Trade Surplus Climb, Fueling Yuan Pressure

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"China’s industrial production and trade surplus climbed in October, indicating a strengthening recovery in the world’s third-largest economy that’s likely to amplify calls to let the yuan appreciate," according to Bloomberg.  “For China, it is necessary and appropriate to allow the currency to be more flexible,” Asian Development Bank President Haruhiko Kuroda said in an interview with Bloomberg Television in Singapore today. “Crisis response by the Chinese authorities has been excellent,” and “they’ve brought about a very strong economic recovery,” he also said.
SOURCE:   Bloomberg