This may be the best time for yuan appreciation: Principal Global Investors

Chandgothia Binay, Chief Investment Officer, Principal Global Investors (Asia) in a chat with ET Now talks about the Chinese economy.

Just a potential trigger in the future, by when do you expect China would act in sort of revaluing the Yuan and do you think it will further strengthen for the next 6-12 months to go?

Well, there are broad expectations that Yuan should be re-valued. You heard different economies, you heard different analysts in the sell side coming out with their own conjectures about when China would move. The only thing I know about China having been in the Hong Kong market for last five years is that they do not give you a clue on when they want to move, so it is very difficult to figure out but I guess the timing is good from their perspective. They have been tightening, their markets have corrected, so from that perspective, yes, this may be the best time for them to go out and allow the currency to appreciate.