If the U.S. Fed does rates rates a......>

CHINA PRESS: If the U.S. Fed does rates rates a further 3 or 4 times in the year

ahead, the PBOC may not have the leeway to follow suit, China Securities Journal

reported Monday, citing Huang Yiping, an economist who's also a former member of

the central bank's monetary policy committee. Therefore, the government should

consider further measures to maximize the independence and flexibility of

monetary policy, the report said.

- First, the authorities should allow the yuan to fluctuate with managed

flexibly instead of sticking to a certain level. Second, as a near-term measure,

it is necessary to strengthen the management of cross-border capital flows, the

Journal said, citing Huang.

(Link to the story: https://bit.ly/2FIxrFr)