China says will keep yuan stable, increase flexibility

•  China will also increase the flexibility of the yuan and keep the currency basically stable, it said.

BEIJING: China will push forward yuan internationalisation and capital account convertibility, the official Xinhua new agency quoted a cabinet statement as saying on Thursday.

China will also increase the flexibility of the yuan and keep the currency basically stable, it said.

The government will encourage domestic financial institutions to participate in global financial markets, Xinhua quoted the statement as saying.