IMF's Rato calls for 'market value' yuan

International Monetary Fund Managing Director Rodrigo Rato on Sunday 8 January said China should take full advantage of its decision last year to introduce more flexibility to its currency regime.

"A currency that would reflect market value would benefit the efficiency and the flexibility of the Chinese economy," Rato said on the sidelines of informal meetings in Basel late Sunday ahead of a meeting at the Bank for International Settlements.

"At the same time we believe that in the case of China

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