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ntinue'The People's Bank of China, the central bank, will allow the market to play a bigger role in determining the yuan's exchange rate while maintaining a prudent and neutral monetary policy this year, a top official said on Monday.China

will continue to deepen the reform of the yuan's exchange rate mechanism, based on market sup▓ply and demand and adjust it according to a basket of foreign currencies, Yi Gang, vice-go▓vernor of the PBOC, wrote in an article▓ in a local magazine.The currency's exc▓hange rate mechanism will be "managed and floating"