China could use more yuan flexibility says IMF

The International Monetary Fund urged China to follow up the July reforms to its currency regime on Monday 21 November by allowing market forces to exert more influence on the value of the yuan.

"While it is understandable that an initial period of relative exchange rate stability after the July 21 move was needed to allow the economy time to adjust and provide reassurance that the change would not have significant adverse effects, subsequent movement in the exchange rate movements has been ve