An illustration of a 100-yuan bank note in China as last month's devaluation is part of a wider transition in the country. Photo: AFP

China's yuan devaluation is part of a wider transition

Move to change the daily fixing mechanism is a step towards renminbi liberalisation as China moves towards adopting a new growth model

Topic |   China yuan devaluation 2015

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An illustration of a 100-yuan bank note in China as last month's devaluation is part of a wider transition in the country. Photo: AFP
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