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- Fullerton Fund executive says China will take policy steps to avoid hard landing
-- Expects yuan to appreciate at a rate of 3% rather than the 4% to 5% previously
-- Says Singapore will keep local dollar on appreciation path
(Recasts the first paragraph; adds comments on the Singapore dollar in the 10th through 14th paragraphs, and comments from Temasek CIO in the seventh and eighth paragraphs.)
SINGAPORE -(Dow Jones)- Chinese authorities will aim to damp the appreciation of the yuan and will likely take p
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-- Expects yuan to appreciate at a rate of 3% rather than the 4% to 5% previously
-- Says Singapore will keep local dollar on appreciation path
(Recasts the first paragraph; adds comments on the Singapore dollar in the 10th through 14th paragraphs, and comments from Temasek CIO in the seventh and eighth paragraphs.)
SINGAPORE -(Dow Jones)- Chinese authorities will aim to damp the appreciation of the yuan and will likely take p