Chinese yuan is no longer undervalued

Asst Prof Ma Lin from the Department of Economics at NUS Faculty of Arts and Social Sciences noted that the fair value of the Chinese yuan can be determined by trade flows, such as exports and imports, as well as purchasing-power-parity adjusted prices where income levels are taken into consideration. He opined that there is increasing consensus from economists and international bodies that the yuan is no longer undervalued.

• The Straits Times, 12 August 2015, Opinion, pA21