PBOC says China to boost yuan flexibility in 06

China will boost the flexibility of the yuan this year, the central bank said in its annual report published in the China Securities Journal over the weekend.

The People's Bank of China said it will keep foreign exchange at a reasonable level.

'In China's current economy some problems still persist including risks from investment rebound, insufficient demand, uncertainty over price controls and the possibility that nonperforming loans will increase', the PBoC added.

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