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Yuan band widening no substitute for real reform: BAML

China's leaders pledged at their annual congress to widen the yuan's trading band, but what the currency really needs is nothing short of FX regime change, according to BofA Merrill Lynch's Ting Lu.

http://www.wusa9.com/video/3300203762001/1/Yuan-band-widening-no-substitute-for-real-reform-BAML http://cdn.newslook.com/27/270cb32e46db1c492dd57fc8c098154e/images/frame_ext.jpg Yuan band widening no substitute for real reform: BAML China's leaders pledged at their annual congress to widen the yuan's trading band, but what the currency really needs is nothing short of FX regime change, according to BofA Merrill Lynch's Ting Lu. ShenzhenFinanceReutershebeiInc.BACMDMerrill Lynch & Co.Bank of America Merrill LynchBear Stearnsnewslookjon gordonWorldChinaBMERL 04:12

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