CHINA’S willingness to allow the yuan to rise above the key eight to the dollar level marks no real change in its gradualist currency policy, disappointing those wanting faster and sharper gains, analysts said yesterday. Beijing has long resisted pressure, mainly from the United States, to let market forces determine the value of the yuan, saying that to do so would pose unacceptable risks for its financial system at this stage of reform. Nothing suggests that position has now changed. Perhaps significantly, the yuan's central parity rate was set at 8.0150 to the dollar early yesterday, down from the 7.9982...
