Bjarke Roed-Frederiksen is a Svenska Handelsbanken economist.
He has been the yuan's most accurate forecaster (as tracked by Bloomberg over the last year)
On the timing of a freely floating yuan:
- "If fully free floating means a fully convertible currency with no capital restrictions and no currency interventions at all, I do not foresee it in the next five to 10 years"
The Bloomberg pice has plenty more, well worth a read.
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As we all know, the USD/CNY is set at a central rate each day by the People's Bank of China, and then allowed to trade +/- 2% from this point for the day