China renews promises of ‘more flexible’ yuan

China renews promises of 'more flexible' yuan
share: digg facebook twitter BEIJING (AP) — China's central bank governor has renewed promises to ease controversial exchange rate controls — but says change will be gradual. "China will continue to carry out reform in the financial department, including currency reform, pushing forward development of an 'exchangeable renminbi' and making the renminbi exchange mechanism more flexible," Zhou said ...

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