07/06/2015
China / Economics
DBS Asian Insights: Chris Leung, Executive Director and Senior Economist, Group Research, DBS Bank (Hong Kong) Limited, shares his thoughts on RMB policy --- During the past economic turmoil, China did not resort to exchange rate depreciation to arrest declines in export growth. Yet in 2014, China engineered RMB depreciation, due to its close-knit relationship with decelerating economic growth, increasing labour costs and RMB market orientation.
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