PBOC official says prepared for yuan reform

A deputy governor of the People's Bank of China said the central bank is now "technically" prepared to carry out currency reforms, according to a report published Wednesday 11 May.

In an interview with the Nihon Keizai Shimbun, Deputy Governor Wu Xiaoling criticised the US for pressuring China for currency reforms and calling for the expansion of the currency band.

According to the newspaper, she said that China wants the international community to give it an opportunity to decide for itself when

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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

.