Looking ugly.
And a trade deficit and FDI not profitable due to higher costs can weaken the currency as well.
25Feb10 RTRS-CHINA COMMERCE MINISTRY SEE NO CLEAR EXTERNAL DEMAND REBOUND -SPOKESMAN
25Feb10 RTRS-CHINA COMMERCE MINISTRY SAYS WILL TAKE TWO-THREE YEATS TO REGAIN EXPORT MOMENTUM
25Feb10 RTRS-CHINA COMMERCE MINISTRY SAYS CANNOT RULE OUT POSSIBLE TRADE DEFICIT WITHIN SEVERAL MONTHS
25Feb10 RTRS-CHINA TO KEEP STABLE YUAN A PRIORITY -COMMERCE MINISTRY