Faster rise of yuan

China's currency, the yuan, has hit a new high against the US dollar for the sixth time since the beginning of this year. By breaking the 7.25 mark against the US dollar yesterday, the yuan has kept smashing psychological barriers for three trading days in a row.

Such quickened revaluation seemingly underscored the Chinese government's determination to rein in domestic price hikes.

If so, Chinese exporters must expedite their restructuring to cope with the substantial impact of faster appreciation of the yuan on their bottom lines.