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China Daily | Updated: 2015-09-04 08:15
Governments and policies
Central bank urged to stop yuan interventions
China's central bank will have to step back from supporting the yuan by early December and allow the currency to decline given the current strain on foreign-exchange reserves, according to Rabobank Group. The nation has to keep at least $2.7 trillion in hand to avoid any potential shortfalls, considering it needs $1 trillion to pay for six months of goods imports and $1.7 trillion to service external debt, said Michael Every, head of financial markets research at Rabobank in Hong Kong.
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