PBOC dep gov sees move on yuan

On Sunday 3 October, People's Bank of China deputy governor Li Ruogu spoke about the development on the Chinese economy, stressing the U.S. efforts for yuan convertibility.

earlier, before the G7 meeting, China had been asked asked not to hold the renminbi fixed to the U.S. dollar value. "We have already said time and again we are moving toward a more market-based, supply-and-demand based, flexible exchange rate. How long it takes, I don't know," said Mr. Li.

Mr. Li made it clear China won't b

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