Taking the Pulse of China’s Markets

Expectation management is key to the stability of the yuan, and the central bank should give priority to the offshore yuan market, because this is not only a highly free and liberalized market, but also an important venue where international speculators would try to attack or manipulate the exchange rate of the yuan.

Yi Xianrong Professor, Qingdao University via CHINA US Focus http://ift.tt/1T8OAI1