Jun 1st, 2021

Teneo SVP & China Analyst Gabriel Wildau on Yuan, China's Economy

Gabriel Wildau, SVP and China Analyst at the global CEO advisory firm Teneo discusses China's latest moves to rein in the surging yuan. On Monday, China's central bank raised the foreign-exchange reserve requirement ratio for banks by 2 percentage points to 7%. Gabriel discusses if this latest move by the PBOC will slow yuan's rise. He speaks to David Ingles and Tom Mackenzie on 'Bloomberg Markets: China Open'. (Source: Bloomberg)