'China should widen yuan trading band'

23 Jul, 2006

China needs to widen the yuan's trading band to introduce greater currency flexibility to help cool speculation and rein in excess liquidity, an influential government economist said in remarks published on Friday.
Calls among economists to let the yuan rise faster to help ward off economic overheating have gained momentum after the economy grew a surprisingly strong 11.3 percent in the second quarter from a year earlier.

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