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China won't be hasty in currency reform: central bank chief
SINGAPORE : China will not rush to liberalise its exchange rate regime and it is not certain that any relaxation will lead to an appreciation of the yuan anyway, the country's central bank chief has said.
"Actually we are not very sure whether liberalisation of the exchange rate would necessarily mean the revaluation of the renminbi (yuan)," People's Bank of China governor Zhou Xiaochuan told the Emerging Markets newspaper.
The yuan, which now trades under a managed float system, faces......
