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

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: