Source: United States & Canada – South China Morning PostIncreasingly divergent monetary policies between China and the United States would help rein in an excessive rise in the yuan by reducing foreign money inflows, a former Chinese foreign exchange regulator said on Wednesday.The US Federal Reserve is widely expected to accelerate monetary tightening to tame inflation this year, while the People’s Bank of China needs to use monetary policy tools to stabilise growth.“Therefore Sino-US monetary policy divergence will likely become greater,” Guan Tao…Read More