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China should seize the moment to free up controls on the yuan to expand its international use — Zhou Xin

Summary:
Amen. Linking a currency to another currency weakens currency sovereignty. Capital controls are unnecessary for a large, self-sufficient country like China. Follow Russia's lead in decoupling.SCMPChina should seize the moment to free up controls on the yuan to expand its international use Zhou Xin

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Amen. Linking a currency to another currency weakens currency sovereignty. Capital controls are unnecessary for a large, self-sufficient country like China. Follow Russia's lead in decoupling.

SCMP
China should seize the moment to free up controls on the yuan to expand its international use

Zhou Xin
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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