China Liberalizes its Exchange Rate Regime

China may be moving closer to freely floating the renminbi:


Neil Irwin of NYTIMES offers an excellent analysis of China’s currency move

http://www.nytimes.com/2015/08/12/upshot/why-did-china-devalue-its-currency-two-big-reasons.html

Related - 

http://www.bloomberg.com/news/articles/2015-08-11/china-weakens-yuan-reference-rate-by-record-1-9-amid-slowdown