AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
(From South China Morning Post)
Byline: Shi Ting
Mainland economists are playing down the wave of speculation about an imminent revaluation of the yuan, saying the central government is unlikely to alter the country's exchange-rate mechanism in the near future.
"Most of the talk about yuan revaluation stems from western investment banks, which have a considerable stake in the Chinese market," said Zhao Xijun , deputy director of the Research Centre of Finance and Securities at Renmin University.
"But China will not alter its currency regime when speculation in the foreign exchange market is intensifying. A renminbi revaluation seems most …