News Headline Summary

China to make CNY more flexible to handle global Quantitative Easing, according to Xinhua

- To keep Yuan's effective exchange rate stable.
- To ensure reasonable growth in money supply.
- To allow 'appropriate' increase in Yuan movement.
- To keep liquidity sufficient for businesses.

Update details:

- Yesterday, reports have said China have set their 2013 money supply target at 13%, 1 percentage point lower than their 2012 target of 14%.

Print 00:37, 21 Dec 2012 - Asian News - Source: Xinhua