PBOC adviser calls for more yuan flexibility

China should allow greater flexibility in the yuan's exchange rate, an influential economist and adviser to China's central bank said in comments published on Wednesday 2 November.

"I think that we should allow a bigger band, greater fluctuation and more flexibility," Yu Yongding said in an interview with Britain's Financial Times newspaper.

He also said that exporters needed to learn to deal with currency volatility and long-term revaluation of the yuan against the dollar.

"You should make

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

Most read articles loading...

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

.