Michal Meidan, Director, China Matters
Aug 17, 2015
The 1.8% devaluation of the yuan has started a debate in China-watching circles about whether or not the People’s Bank of China is trying to make the RMB more market-determined, or trying to make boost its exports. Most likely, Beijing is allowing the RMB to find its feet before the IMF review in November.
Zhang Monan, Senior Fellow, China Center for International Economic Exchanges
Jul 03, 2015
China has become one of the world’s most important investors and capital exporters, stepping into a new phrase of “GNP” from “GDP” and reversing the mechanism of capital-free flow. So it is imperative to speed up the opening of its capital account.
Yi Xianrong, Researcher, Chinese Academy of Social Sciences
Jun 25, 2015
SDR inclusion will mean an endorsement of the renminbi as an international reserve currency, and at the same time, the Chinese government will have the power and capacity to steer and manage the renminbi exchange rate.