Experts: RMB float to ease risks

Renminbi slides to its weakest level since the global financial crisis

Allowing the renminbi exchange rate to float more freely could be a wise choice for China, against the backdrop of trade conflicts and economic downside risks, according to experts.

By analyzing the recent signals from the authorities, as well as market performance, they believed that the government much preferred a freer renminbi, or allowing the market to decide its value.