This is all good news for those worried about the possibility of a trade war brewing between China and any number of nations, not least the U.S. And what will be the real impact of this expected appreciation on trade, on U.S. jobs, on Chinese inflation, on Chinese domestic consumption and on the global economy as a whole?

FORBES: Currency Regime Change In Beijing: What It Means

According to the brewing giant, China accounted for 43% of the total growth in global beer volumes in 2011.

BBC: SABMiller eyes China expansion with $864m Kingway deal

His remarks, widely reported in China, seemed to imply that serious problems are brewing at the Three Gorges.

ECONOMIST: Zhu and the dam-busters