PBOC will increase yuan flexibility

The People's Bank of China said on Thursday 10 August that it would gradually increase the flexibility of the yuan's exchange rate and that market forces would play a fundamental role in determining its value.

China's central bank reiterated the country's currency, the yuan, will remain "basically stable at a rational and balanced level".

The People's Bank of China also promised in a report that market forces would play a bigger role in determining the yuan's value, and that the currency would

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