Government Vows More 'Flexibility' of Yuan to Maintain Its Stability

(Beijing) — "Stability" was the key word as China's top leaders on Friday wrapped up an annual meeting to set out economic targets and policy priorities for next year.

The government will "increase the flexibility" of the Chinese currency and "maintain the broad stability of the RMB exchange rate at a reasonable equilibrium level," the official Xinhua News Agency said, citing a statement from the three-day Central Economic Work Conference.