Yuan convertibility 'top priority' says Zhou

People's Bank of China governor Zhou Xiaochuan was quoted as saying the central bank will take steps to let market forces play a bigger role in determining the yuan's value as this is a "top priority".

China Central Television quoted Zhou as saying at the weekend that demand for a convertible yuan was building as China integrates into the regional and global economy.

"The demand for making the renminbi (yuan) fully convertible is becoming higher and higher as the renminbi becomes an important c

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