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Yuan could go 'either way' if central bank moves in future, says PBOC

Market-oriented pricing will help prevent excessive swings; China not eyeing a currency war

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The IMF said China's move to link the yuan's value to market forces is an encouraging step towards what may become a freely floating currency within the next few years.

Shanghai

THE yuan will probably move in both directions in the future following last week's devaluation as the economy stabilises, according to Ma Jun, chief economist at China's central bank.

A more market-oriented pricing mechanism for the yuan will help to avoid excessive

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