Since 2006, the renminbi exchange rate has been allowed to float in a narrow margin around a fixed base rate determined with reference to a basket of world currencies.
We're starting to see use of renminbi in trade flows, and that's where we see the most benefit of the favourable access conditions we've been granted and currency convertibility.
Earlier this year, authorities announced a surprising liberalisation of its currency peg with the dollar - allowing the renminbi to float in a wider range against the greenback.
