China reverses course after the yuan's recent strengthening

China is reversing course and loosening some financial restrictions after the yuan's appreciation in 2017.
The People's Bank of China will remove an October 2015 measure that made it more expensive for onshore banks to use currency forwards, as well as a January 2016 reserve requirement on foreign banks' yuan deposits, according to the Wall Street Journal's Lingling Wei.
The yuan weakened against the US dollar by about 0.6% on Monday after the news crossed the wires.
Both measures were orig