Bloomberg quote an odd couple who are saying yes, its getting more likely
- Advocates include a government-backed researcher and a former central bank adviser, while bond-market powerhouse Pacific Investment Management Co. says the chances of a free float are rising.
(OK, that's 3). The piece canvasses some of the pros and cons, link here for more.
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Under the current exchange system, USD/CNY can move a maximum 2% from each day's daily reference rate set by the People's Bank of China