China draws on Japan experience

Speakers at the event had widely divergent views over the country’s policy towards its currency peg to the US dollar, but most hit back at foreign demand that the unit be revalued. Perhaps the most vocal on the matter was Yaling Tan, standing executive, committee member at the China International Economic Relations Society and president of the China Forex Investment Research Institute, who challenged the US’s own protectionist policy.

She said since removing the renminbi fixed-rate peg to the US