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Economy

Yuan fluctuations within proper range: Economist

1
2018-07-08 11:27:31Xinhua Editor : Li Yan ECNS App Download

Despite recent fluctuations, the yuan exchange rate is still within a proper range in line with China's exchange rate policy, a JP Morgan economist has said.

"When measured against a basket of currencies, the yuan has been fluctuating within a range of about 3 percent since the beginning of this year, which does not deviate from a market-based, managed floating exchange rate system", according to Zhu Haibin, JP Morgan chief China economist.

  

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