The document discusses China's evolving foreign exchange policy, particularly the management of the RMB with reference to a basket of currencies. It highlights the potential constraints on interest rate policy and the risks associated with RMB depreciation. The document emphasizes the need for China to reassure investors by delivering on reform commitments to ensure attractive returns on capital.
documents/vol00010-efta01459685-pdf.pdf
{"title":"Global Economic Perspectives: China's evolving FX policy","key_people":["Michael Spencer"],"document_date":"2016-01-15","document_type":"other","key_locations":["China","Singapore"],"key_organizations":["PBOC","Deutsche Bank Securities Inc."],"reference_numbers":["DB-SDNY-0120304","SDNY_GM_00266488","EFTA01459685"]}