In the South China Morning Post over the weekend, citing Premier Li Keqiang
Boldings are mine.
it seems to be signalling further exchange rate liberalisation. Doing so might give the authorities scope to lessen their intervention in the yuan forex market. Supporting the yuan has (not letting it drop to fast) has had a cost in foreign currency reserves, as has combating capital flight.
SCMP reports: China signals change of course on long-standing yuan policy
