Weber calls on China to exploit yuan flexibility

European Central Bank Governing Council member Axel Weber said in an interview on Friday 18 November that China should use the extra flexibility that July's currency liberalisation provided.

"China has undergone a (currency) regime change, and the new regime offers the chance to use more flexibility. We welcome this first step. We would advise the Chinese authorities to exploit the potential flexibility which exists," Weber said in a German-language interview with Bloomberg Television.

Weber a