China’s central bankers are concerned more with the pace and magnitude of changes in the value of the yuan, rather than its moves up or down as a temporary trend. Photo: Shutterstock
China’s central bankers are concerned more with the pace and magnitude of changes in the value of the yuan, rather than its moves up or down as a temporary trend. Photo: Shutterstock
SCMP Editorial
Opinion

Opinion

Editorial by SCMP Editorial

There is little to fear if China’s yuan depreciation is properly managed

  • The People’s Bank of China is right to try to manage the pace of the currency’s drop – but not reverse its direction – to prevent shocks to the system

China’s central bankers are concerned more with the pace and magnitude of changes in the value of the yuan, rather than its moves up or down as a temporary trend. Photo: Shutterstock
China’s central bankers are concerned more with the pace and magnitude of changes in the value of the yuan, rather than its moves up or down as a temporary trend. Photo: Shutterstock
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