China To Loosen Currency Exchange Controls?
Published:
2009-05-11
China to Loosen Currency Control?
Market, page 17
On May 5, the exchange rate of the Renminbi against the US dollar reached 6.8199, hitting a seven-month high. Scholars and analysts have attributed the gain to policy driven, as more and more signs emerged of late that the Chinese government might consider loosening currency control policy, a step towards internationalizing its currency. Some scholars have projected that China would eventually make a shift from its current managed float of the Renminbi tied to the US dollar.
Original article: [Chinese]