China should prevent the value of its currency falling below 7 yuan to the dollar, according to an adviser to the central bank. Photo: AP

China should defend the yuan at 7 to the US dollar, central bank adviser says

  • If currency’s value falls below this ‘crucial point’, cost of stabilising exchange rates will be much greater, Sheng Songcheng says
Topic |   China economy

TOP PICKS

China should prevent the value of its currency falling below 7 yuan to the dollar, according to an adviser to the central bank. Photo: AP
READ FULL ARTICLE