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IMF's Lagarde urges China to keep moving toward flexible yuan system
[NUSA DUA, Indonesia] International Monetary Fund managing director Christine Lagarde said on Thursday she hopes China follows through on the IMF's recommendation to continue moving toward a system that allows the yuan to move flexibly.
"We're seeing more and more countries, China included, let their currencies fluctuate," Ms Lagarde told a news conference.
"We have supported the move of China toward (currency) flexbility," she said, adding that the IMF has encouraged Chinese authorities to "go down that path."