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Yuan’s gains an opportunity for China’s central bank to push reform, not a matter of concern

  • Tue, 12 Sep 2017 17:09
Changes to some reserve requirements by the People’s Bank of China this week that made it easier to short the yuan onshore and bet against it offshore had raised speculation that the authorities were worried about the currency’s recent strengthening. But analysts said that the exchange rate was unlikely to be a major concern, as it is still stable in trade-weighted terms, and that instead the central bank may be using the easing of depreciation pressure as an opportunity to increase... South China Morning Post - China Business feed

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