Asian Development Bank chief Haruhiko Kuroda urged Beijing to adopt a more flexible currency exchange system. Japan's former vice minister of finance said removing the yuan's peg to the US dollar would be good for both China and its neighbors. He said the peg made sense in the early 1990s when it helped stabilize China's economy during a period of high inflation, but not now.
You must log in to post a comment.
Yes, I would like to receive emails from China Economic Review. (You can unsubscribe anytime)
Copyright © 2018 SinoMedia Group Limited All rights reserved