Yuan's Peg Is an Anachronism

Airtime: Mon. Sept. 6 2010 | 4:00 AM ET

A floating Chinese currency would be far better for the global economy and would address trade imbalances, Nicki Hutley, principal economist at Access Economics, told CNBC. “I think it’s an anachronism in this day and age to have a pegged currency for the world’s second-largest economy,” Hutley said.