• Tue
  • Dec 23, 2014
  • Updated: 5:22am

Currencies

Does the yuan matter?

There's too much fuss about the yuan, when other economic reforms are more urgent.

The mainland's currency policy is not worth the attention it is getting. It is not at all important compared with other market distortions in the Chinese economy, and it is not even very important in how China affects the world economy.

Tuesday, 25 March, 2014, 2:13am 6 comments

Shanghai official's vow on imminent freeing up of yuan a bone of contention

Liberalising the capital account would be the last step to officially making the currency fully convertible, but it is unlikely to happen soon. Photo: Reuters

When will China fully liberalise the red-hot yuan? Even the central bank of the world’s second-biggest economy may not really have a clue, with senior officials locked in a debate over when foreign exchange controls should be lifted.

19 Mar 2014 - 5:19pm 9 comments