SHANGHAI, July 3 (Reuters) – It is beneficial for China’s currency to be flexible, but big swings in the yuan’s value would be harmful to the economy, a deputy Chinese central bank governor said on Saturday. “Speculative and flock-driven fluctuations are a big blow to confidence, and are harmful to the real economy,” Hu Xiaolian, vice governor of the People’s Bank of China (PBOC), told a forum …
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Tags: (AFX UK Focus) 2010-07-03 08:47 Big swings in yuan would hurt economy -c.banker, afx uk focus, BUSINESS, chinese central bank, Focus, yuan

This entry was posted on July 3, 2010 at 10:10 am and is filed under BUSINESS.