China's yuan to face pressure if dollar rises sharply: c.bank adviser

China's yuan will come under renewed downward pressure if the U.S. dollar rises significantly in coming months, a policy adviser to the People's Bank of China said on Friday. Huang Yiping, a professor at Peking University and a member of the central bank's monetary policy committee, also said the central bank was managing the yuan CNY=CFXS against a basket of currencies including the dollar, not again the dollar alone, reaffirming the official stance. "If the dollar is going to rise significantly further in the coming months, then I think pressure on the renminbi will continue," Huang told an annual forum in ... READ MORE