IMF chief economist Raghuram Rajan said in an interview that a move towards more flexible exchange rates by China would benefit both the Chinese and global economies. Rajan, a former University of Chicago academic, said two options existed. To move and refix, or widen the yuans band so the market can determine the value.
The longer China takes to revalue its yuan currency, the bigger the stress on its economy and banking system, the International Monetary Fund's new chief econom
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