Asia-Pacific News

Poll: Will Ending Dollar-Yuan Peg Cure the Global Economy?

China's central bank governor Zhou Xiaochuan said at the weekend that the country's stimulus exit would sooner or later spell the end of the "special yuan policy" adopted in the face of the global financial crisis, in a clearest signal that Beijing will in due course allow the Chinese currency to appreciate.

China has effectively re-pegged its exchange rate at around 6.83 yuan per dollar since mid-2008, in the aftermath of the global financial crisis.

In recent months however, as the Chinese economy recovers, Beijing has been under increased international pressure to allow the yuan appreciate, with economists saying that a stronger yuan would even alleviate inflationary pressures on the Chinese economy.

The question remains: how much will the global economy benefit from a stronger yuan? Let us know what you think, by taking part in our poll below.