SCCS Head of School cited by China Daily: China's currency

05/11/11

Prof Yao was quoted by China Daily as saying "RMB can appreciate but it has to do so in a controlled way. China’s trade surplus has been declining and many SMEs are shut down due to RMB appreciation. External pressure on China to rapidly appreciate its currency is unreasonable." The full article can be found at http://www.chinadaily.com.cn/usa/business/2011-11/05/content_14042304.htm 

~ENDS~