Market to decide yuan's value according to PBOC

The People's Bank of China has insisted that it would allow markets to set the value of the yuan following last week's 2.1 percent adjustment, state media reported Thursday.

Beijing will first move ahead with plans to launch financial derivatives such as futures and options, Wu Xiaoling, a central bank vice governor was quoted as saying in an interview with the official Shanghai Securities News.

"The foreign exchange rate will fluctuate given changes in market supply and demand and therefore you

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