Alan Alexandroff, co-director of the G20 Research Group, on China's foreign exchange reform

Alan Alexandroff, co-director of the G20 Research Group at the University of Toronto, on China’s foreign exchange reform and the flexibility of its currency:
"China is sensitive to outside pressure and resists that, but I don’t think it needs to…More flexibility is in the interest of the Chinese people. It is important, because it adds value and ensures more powerful domestic consumption."