China to revalue yuan this year, predicts former Party senior official
China will revalue the yuan by 4% or 5% in 2010 because it has no choice, according to Zhang Wei, lecturer in Chinese economics at the University of Cambridge and a former senior official in the Chinese Communist Party.
Zhang argues the size of China’s trade surplus since 1994, the year it devalued its currency against the US dollar, is living proof that the currency needs a hike against the greenback.
In the 1980s Zhang was a Party protégé of three Chinese cabinet ministers and was put in
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Foreign exchange
Regulation
Duffie: SEC plan heralds all-to-all Treasuries trading
Former Fed adviser welcomes long-advocated Treasuries clearing mandate
Receive this by email