China economists call for yuan basket peg

A group of leading Chinese economists, including a member of the People's Bank of China's influential monetary policy committee, has called for China to remove its long-standing yuan peg to the U.S. dollar and fix the yuan to a basket of currencies.

In a front-page piece in the official China Securities Journal, the group said that the decade-old peg of around 8.27 yuan to the dollar should be dismantled in favour of a basket of currencies as an interim measure, before moving to a floating

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: