China central bank suggests faster tempo for freeing yuan

“China’s central bank governor has dangled the prospect of speeding up currency reform and giving markets more room to set the yuan’s exchange rate as he underlines broader plans for sweeping economic change.  The central bank under Zhou Xiaochuan has consistently flagged its intention to liberalize financial markets and allow the yuan to trade more freely, even before the Communist Party’s top brass unveiled late last week the boldest set of economic and social reforms in nearly three decades. Since the 60-point reform plan was released, Zhou has suggested urgency in pushing for change, although he has not provided any specific timetable.”

http://www.reuters.com/article/2013/11/20/us-china-reform-idUSBRE9AJ09Y20131120

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