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Beijing's devaluation seen as means to fully liberalise yuan

Actions by Beijing authorities are actually clear signals of its resolve to stabilise growth

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GOING PLACES: The yuan is no longer a controlled currency, and it will move more and more towards a freely traded currency, says Heng Koon How, Credit Suisse foreign exchange strategist.

Singapore

BEIJING's recent depreciation of the yuan is actually an understandable approach towards the full liberalisation of the currency that is ultimately aimed at boosting growth in China, said a Singapore-based senior analyst on Friday.

This is a logical step to take to calm

sentifi.com

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