Skip to content
Subscriber Only

China Will Need to Give Up FX Controls Eventually, PBOC Official Says

  • PBOC researcher Zhou Chengjun made the comments last month
  • Free float needed to achieve yuan internationalization: Zhou

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

China has to give up its control over the currency’s exchange rate eventually if it wants to achieve greater global use of the yuan, according to a central bank official.