{"id":9601,"date":"2021-05-20T05:15:06","date_gmt":"2021-05-20T05:15:06","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=9601"},"modified":"2021-05-20T05:15:06","modified_gmt":"2021-05-20T05:15:06","slug":"china-must-give-up-control-of-yuan-exchange-rate-to-achieve-internationalisation-central-bank-official-says","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=9601","title":{"rendered":"China must give up control of yuan exchange rate to achieve internationalisation, central bank official says"},"content":{"rendered":"<p>Source: South China Morning PostChina has to give up its control over the currency\u2019s exchange rate eventually if it wants to achieve greater global use of the yuan, according to a central bank official.The yuan exchange rate will have to be determined by global market participants, and this will allow China to have free cross-border capital flows and pursue an independent monetary policy, Zhou Chengjun, director of the People\u2019s Bank of China\u2019s (PBOC) Finance Research Institute, said in a speech published Wednesday.\u201cWe need to\u2026<a href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3134141\/china-must-give-control-yuan-exchange-rate-achieve\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: South China Morning PostChina has to give up its control over the currency\u2019s exchange rate eventually if it wants to achieve greater global use of the yuan, according to&hellip; <\/p>\n","protected":false},"author":0,"featured_media":9602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/9601"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9601"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/9601\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/media\/9602"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9601"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}