Top Chinese Economist Says It's Time to Allow Stronger Yuan

You argue that the timing is now for policymakers to allow for a stronger currency. Just tell us that in terms of the timing. Why now.Yes. Well, I think, you know, if you look at renminbi, at real effect you terms, that's what determines, you know, currencies, competitiveness. You shouldn't we shouldn't focus very narrowly on the nominal exchange rate.We should probably look at it really effective terms on effective terms. Renminbi has been its weakest since 2012. Yeah, I think for the past ten years it's d ...