Zhou Xiaochuan: Fixed Exchange Rate Policy is a Short-term Measure

In a discussion that touched on the exchange rate of the Chinese currency held on the sidelines of the ongoing "two sessions", Zhou Xiaochuan, Governor of the People's Bank of China, described the current policy of effectively pegging the RMB to the US dollar as a temporary measure. Zhou also announced that "sooner or later, we will quit the policy."

Source
Southern Metropolis Daily

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