Addressing the Tsinghua PBCSF Chief Economists Forum on Saturday, Yu Yongding, an outspoken and noted economist at Beijing’s Chinese Academy of Social Sciences, said China should adjust its overseas asset portfolio and explicitly called for cuts in US Treasury bill holdings. Photo: Bloomberg
China yuan: IMF win as currency granted higher weight in special drawing rights
- The Chinese currency’s weight has been raised to 12.28 per cent, 1.36 percentage points higher than the 2016 assessment
- China’s will for opening up is unshakeable, its central bank says, responding to doubts over its dual circulation and zero-Covid strategies
Addressing the Tsinghua PBCSF Chief Economists Forum on Saturday, Yu Yongding, an outspoken and noted economist at Beijing’s Chinese Academy of Social Sciences, said China should adjust its overseas asset portfolio and explicitly called for cuts in US Treasury bill holdings. Photo: Bloomberg
