Cline Says Yuan Move Designed to Deflect G-20 Criticism: Video
249 views · Published 23 March 2012 · 5:07 · Indexed 20 September 2026
Channel: Bloomberg Originals · 2012 · Entertainment
June 21 (Bloomberg) -- William Cline, senior fellow at the Peterson Institute for International Economics, talks with Bloomberg's Julie Hyman about the decision by the People's Bank of China's to end its two-year currency peg to the dollar before a Group of 20 summit this week.
A stronger yuan will help curb inflation in the world's third-largest economy and shift investment toward service industries from export-manufacturing, the People's Bank of China said yesterday. (Source: Bloomberg)
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