China tightened regulation of capital flows in the wake of a messy 2015 devaluation. Photo: AFP
Goldman Sachs economists warn China's yuan trading likely to become more volatile
- Reducing reliance on the US dollar could avoid vulnerability Russia has faced with American sanctions on its companies
- Convergence between the offshore traded CNH and the onshore traded CNY argued as likely
China tightened regulation of capital flows in the wake of a messy 2015 devaluation. Photo: AFP