Let the yuan appreciate: leading Chinese think tank

Chinese currency

China should allow a 10% appreciation of the renminbi against the dollar, a top economist from the leading Chinese think tank said on Wednesday.

Zhang Bing, a research fellow at the Institute of World Economics and Politics in the Chinese Academy of Social Sciences (CASS), argued in favour of a one-off yuan appreciation as international pressure builds on the Chinese government to relent in its tight management of the currency in a report. "In my opinion, the yuan is undervalued and needs to be

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