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

Topic |   Yuan
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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