China’s Zhou Switches Topics on Lagarde to Put His Case for Yuan
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Chinese central bank governor Zhou Xiaochuan joined International Monetary Fund Managing Director Christine Lagarde on a panel Sunday about monetary policy and instead discussed the merits of the yuan as a reserve currency.
Zhou and Lagarde were on stage at the China Development Forum in Beijing for a session titled “Sound Monetary Policy in the ‘New Normal’.” The central banker made it clear he had other plans.