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Economist Urges Yuan Appreciation to Boost Purchasing Power

12/3/2025

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Summary

Story summary

Miao Yanliang, an economist at China International Capital Corp. (CICC), argues that authorities should permit a larger degree of yuan appreciation.
He argues that yuan appreciation would boost consumer purchasing power.
He contends that it would help ease trade tensions.
He believes the current situation presents a favorable opportunity for such a decision.

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Story summary

Miao Yanliang, an economist at China International Capital Corp. (CICC), argues that authorities should permit a larger degree of yuan appreciation.
He argues that yuan appreciation would boost consumer purchasing power.
He contends that it would help ease trade tensions.
He believes the current situation presents a favorable opportunity for such a decision.