China's Premier suggests end to yuan's dollar peg

China's Premier Wen Jiabao has said that the country is working toward a more flexible exchange rate mechanism for the value of the yuan, the first clear statement that the government aims to end the currency's nine-year fixed link to the dollar.

The government wants to create an exchange-rate mechanism based on "market demand for and supply of" the currency, Mr Wen said in a speech carried by the official Xinhua news agency. He did not give a time frame, adding that China plans to keep the yu

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: