China speaks of RMB

China will "decontrol" exchange rates and interest rates, Chinese Central Bank Governor Zhou Xiaochuan said. "We will have decontrol of interest rates and foreign exchange," he told Reuters on the sidelines of the World Economic Forum. "Our foreign exchange policy is already in a good position. [The yuan] can float in a band. We will expand the flexibility to [those who] participate in financial markets [in China]," he said. Separately, Bank of Canada Governor David Dodge said China has not gone far enough in freeing up its currency. "We believe that it is helpful that currencies be allowed to fluctuate more in line with demand and supply. Clearly the Chinese have made a start there, but it is just a start."