BEIJING: The time is not right to reform China's currency regime and pressure on the yuan can be eased by means other than a revaluation, a Chinese researcher said in a commentary published yesterday.
The column by Yi Xianrong, a scholar at the Chinese Academy of Social Sciences, was carried in the state-run China Business Weekly, and comes at a time of growing speculation Beijing could allow the currency, pegged at about 8.28 to the dollar, to rise.
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