China May Make ‘Big’ Change to its Yuan Policy, Securities Says

By Judy Chen

Nov. 28 (Bloomberg) -- China may make a “big” change in its yuan policy as the government seeks to avert a slowdown in the world’s fourth-largest economy, Shanghai Securities News reported, citing a researcher.

The authorities may be more “active” in adjusting the yuan’s exchange rate, said Liu Wei, dean of the School of Economics at Peking University, the Chinese-language newspaper reported today.

“The yuan should not appreciate at a faster pace or remain unchanged,” Liu said at an economic forum yesterday, according to the newspaper.

The government should change its exchange-rate policy “fundamentally” to maintain growth and boost employment, the paper reported Liu as saying. Shanghai Securities News is affiliated with the official Xinhua News Agency.

To contact the reporters on this story: Judy Chen in Shanghai at xchen45@bloomberg.net.