You have an economy that has just turned out to be bigger than everyone thought. It's growing around 10 percent, and you have reserves growing to new record highs every month. That's providing a lot of arguments for China to move a bit quicker on the currency front.
More Quotes from Rob Subbaraman:
China's new exchange rate regime has kept the China critics quiet for a while, but I think the honeymoon period's coming to an end pretty soon.Rob Subbaraman
The risk of protectionist pressures is rising. If there was a trade war, over the medium term both would lose.
Rob Subbaraman
This is not good it raises concerns about the sustainability of China's growth.
Rob Subbaraman
Most likely there will be tighter policies introduced in the coming months, if not weeks. The questions is what is the right approach to deal with an increasingly market-orientated policy
Rob Subbaraman
Asia has the makings of a new economic paradigm, where it moves away from the export-led model.
Rob Subbaraman
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