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China is likely to continue taking steps to allow the yuan to trade more freely following the...
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Sunday, April 22, 2012, 5:23 AM ETChina is likely to continue taking steps to allow the yuan to trade more freely following the recent widening of its exchange-rate band, Yi Gang, the Deputy Governor of the PBOC, said yesterday. "It's time to let the market more or less to decide the rate (while) reducing the intervention," Yi said without elaborating on the timing of such moves.
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