Free Trial

China should protect its foreign........>

CHINA PRESS
CHINA PRESS: China should protect its foreign exchange reserves if faced with
choice between keeping its FX reserves and stabilizing the yuan, Economic
Information Daily reported on Wednesday citing Li Yang, an economist at Chinese
Academy of Social Sciences and former member of the PBOC's Monetary Policy
Committee. 
- China values yuan exchange rate formation mechanism an its reform more than
the level of exchange rate, Li; 
- China should reduce impact of speculative international capital on its
economy, Li; 
- The PBOC should not intervene in the FX system but let the market decide the
exchange rate, the newspaper said citing Yu Yongding, economist and also a
former member of the Monetary Policy Committee.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.