China will allow the value of the yuan to float more freely, possibly by as much as 0.75 percent.
China will keep the exchange rate of its currency yuan basically stable this year.
The exchange rate of the Chinese currency hit a record high on Thursday after the country reported that September saw the largest jump in capital inflows.
The Chinese currency renminbi, or the yuan, strengthened 49 basis points to 6.2926 against the US dollar on Tuesday, according to the China Foreign Exchange Trading System.
The Chinese currency Renminbi, or the yuan, strengthened 10 basis points to 6.2881 against the US dollar on Wednesday.
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