China to loosen grip on yuan – Westpac

With growth on a good footing, reform will resume after Xi Jinping's renewed leadership mandate

Lower redback: renminbi will depreciate over next year due to strengthening dollar, says Frances Cheung


The renminbi is likely to feature on the reform agenda in the wake of the recent Communist Party of China conference, at which reform-minded Xi Jinping was returned as general secretary, consolidating his position as president of the People’s Republic of China.

With economic growth on a good footing, China’s leadership may be more amenable to further reform, including allowing market forces to dictate the value of the renminbi, says Frances Cheung, head of macro

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