From Reuters.com:
China will keep the yuan in a small range as it gradually implements a more flexible exchange rate, a top official has said, giving the clearest sign so far of the degree of currency movement the country is planning.
China had done a lot of groundwork for reform of the exchange rate system, which now holds the yuan in a range of 8.276 to 8.28 per dollar, the China Securities Journal on Saturday quoted Guo Shuqing, head of the State Administration of Foreign Exchange, as saying.
Thanks to Liu Yong for providing this link.
