China plans policy change that could let yuan appreciate

China is laying the groundwork for a change in exchange-rate policy that could allow the yuan to gradually rise in value, a government economist said. Ba Shusong, deputy director general of the Financial Research Institute at the Development Research Center, said changing economic conditions in China and the U.S. will influence the timing of the policy shift. He said the yuan's peg to the U.S. dollar was always meant to be a temporary measure.

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