Chinese authorities have signalled willingness to accept more foreign exchange volatility. Photo: AP
Chinese authorities have signalled willingness to accept more foreign exchange volatility. Photo: AP
Yuan

China cites ‘flexible’ yuan exchange rate, healthy economy as buffer against US tapering

  • Currency regulator says China’s economic fundamentals, including ‘improving flexibility’ of the yuan exchange rate, mean impact of US tapering controllable
  • Comments reinforce market expectations Beijing is less willing to intervene in the foreign exchange market, allowing for greater volatility

Chinese authorities have signalled willingness to accept more foreign exchange volatility. Photo: AP
Chinese authorities have signalled willingness to accept more foreign exchange volatility. Photo: AP
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