So says China’s state radio vie Reuters.
We should have operational plans on achieving the convertability of the renminbi under the capital account
Said Premier Li Keqiang at a regular meeting of the state council.
- Said that the government will steadily roll out market based measures to reform interest & exchange rate regimes.
China has already entered into currency exchange agreements with Japan, Australia, France and Britain meaning that the yuan can be traded directly and the dollar bypassed.
