China Should Let Yuan Float to Avoid Slump, Ex-PBOC Adviser Says
- Set wide fluctuation band to avert market panic: Yu Yongding
- PBOC should reinforce market-oriented reform plans, he says
What Is the PBOC's Strategy for the Yuan?
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Yu Yongding, a former adviser to the People’s Bank of China, has a bold idea to stem the yuan’s slump: Let it float.
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