PBOC adviser calls for more yuan flexibility

China should allow greater flexibility in the yuan's exchange rate, an influential economist and adviser to China's central bank said in comments published on Wednesday 2 November.

"I think that we should allow a bigger band, greater fluctuation and more flexibility," Yu Yongding said in an interview with Britain's Financial Times newspaper.

He also said that exporters needed to learn to deal with currency volatility and long-term revaluation of the yuan against the dollar.

"You should make ente

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