China to loosen grip on yuan – Westpac

With growth on a good footing, reform will resume after Xi Jinping's renewed leadership mandate

china-currency
Lower redback: renminbi will depreciate over next year due to strengthening dollar, says Frances Cheung

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The renminbi is likely to feature on the reform agenda in the wake of the recent Communist Party of China conference, at which reform-minded Xi Jinping was returned as general secretary, consolidating his position as president of the People’s Republic of China.

With economic growth on a good footing, China’s leadership may be more amenable to further reform, including allowing market forces to dictate the value of the renminbi, says Frances Cheung, head of macro

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