Earlier post here: Some China headlines - monetary policy, yuan band
More now ... first the extra headlines crossing
- PBOC adviser says China's economy has downside risks ... but the pressure is not big
- And also says that China is able to meet its 2017 GDP growth goal (of around 6.5%)
(those from Financial news, via Bloomberg)
OK, now, more on that 'should' widen the trading band news:
PBOC adviser Huang Yiping:
- Says China should further increase the flexibility of yuan exchange rate
- And reduce intervention in the foreign-exchange market to achieve yuan's "clean float"
Financial News reports.... (ps. The Financial New is a publication of the People's Bank of China)
