John Greenwood, chief economist at Invesco, was the architect of the Hong Kong dollar peg to the US dollar. The Hong Kong dollar’s value has been kept at about HK$7.80 to the greenback since 1983. Here, he talks about the economic problems facing the U.S. and Europe, China's growth outlook, and the internationalization of the yuan
“What Hong Kong needs in order to think about re-pegging would be for the Chinese yuan to be fully and irreversibly convertible. 2015 is not possible in my view.”
“What Hong Kong needs in order to think about re-pegging would be for the Chinese yuan to be fully and irreversibly convertible. 2015 is not possible in my view.”
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