China should let yuan ``float'': former central bank adviser
China should let the yuan ``float'' as soon as possible to halt a further build-up of China's foreign exchange reserves and avoid ``destructive'' losses in its dollar investments, a former central bank adviser said in comments published on Friday.
China will maintain a managed floating yuan exchange rate regime, the country's central bank said on Thursday, asserting that such a policy was in the nation's long-term interests.