free floating currency
During China’s shift toward a market-driven economy, in its trade talks with the US it can commit not to keep the value of the renminbi artificially low, but it must reject demands to keep the exchange rate stable against the US dollar
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During China’s shift toward a market-driven economy, in its trade talks with the US it can commit not to keep the value of the renminbi artificially low, but it must reject demands to keep the exchange rate stable against the US dollar
Yu Yongding argues that the Chinese government should pursue monetary and fiscal expansion to stabilise GDP growth and prevent the current slowdown from being excessively sharp
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Yu Yongding argues that the Chinese government should pursue monetary and fiscal expansion to stabilise GDP growth and prevent the current slowdown from being excessively sharp
Yu Yongding thinks that the trade war with the US will help the Chinese economy complete its necessary rebalancing, giving cover for Xi to make unpopular but necessary reforms
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Yu Yongding thinks that the trade war with the US will help the Chinese economy complete its necessary rebalancing, giving cover for Xi to make unpopular but necessary reforms
Yu Yongding argues that whatever challenges it faces, the PBOC must stay the course, and convince markets China really is committed to a floating exchange-rate regime
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Yu Yongding argues that whatever challenges it faces, the PBOC must stay the course, and convince markets China really is committed to a floating exchange-rate regime