China Policy Makers Agree Yuan Should See Gains, Professor Writes in Daily

Most Chinese policy makers agree that the yuan should rise in the long-run due to rapid productivity growth and structural imbalances, Huang Yiping, a professor of economics at Peking University’s China Center for Economic Research, wrote in a commentary published in today’s China Daily newspaper.

A steady revaluation of the yuan is needed by China’s changing economic conditions, Huang wrote. It is “reasonable” to expect an average rise in the yuan of about 5 percent a year against a basket of currencies, Huang wrote.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.