The central bank could scrap the way it automatically determines the closing rate of the yuan and determine it on its own.

This kind of practice is not very conducive to China's long-term growth.

More seriously, China's economy would take a big hit if the US dollar weakened sharply due to such factors as a bursting of the US property bubble. The loss for China's foreign exchange reserves would be extremely serious.

We don't think there is anything to warrant a rate move from the central bank. Even though building approvals rose in November, housing is still in correction mode.

A Central Bank official said that Q-coin did not affect the renminbi; it adds vibrancy to the economy.

When the central bank came out and said they're going to drain liquidity over a period of months, that was a catalyst for investors who have avoided the stock market to put some money back in.