Economics
China Plans Making Yuan More Flexible After Global Easing
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China will increase the movement of the yuan’s exchange rate “appropriately” to handle the latest rounds of quantitative easing by the world’s central banks, the official Xinhua News Agency said in an editorial.
The government of Asia’s biggest economy will ensure “reasonable” monetary-base growth and keep sufficient liquidity to allow businesses to obtain loans, according to the editorial, which was also posted on China’s main central-government website.