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China may revise its currency policy, as a central bank report said Monday it would manage the yuan "with reference to a basket of currencies", the Economic Information Daily reported Tuesday.
The People's Bank of China said in a monetary policy report that it will improve the floating exchange rate system based on market supply and demand, and maintain the yuan at a reasonable and balanced level.
China undertook a currency policy change in 2005, which allowed the yuan to float on the basis of a basket of currencies and let it move more freely. The process was interrupted by the financial crisis, when the yuan was pegged to the US dollar.