BEIJING, Sept 29 (Reuters) - China will increase the flexibility of the yuan and improve the way it manages the exchange rate with reference to a basket of currencies of the country's trading partners, the central bank said on Wednesday.
In a summary of the third-quarter meeting of its monetary policy committee, the People's Bank of China reaffirmed its long-standing "appropriately loose" monetary policy stance and said the economy was growing as it expected. (Reporting by Aileen Wang and Kevin Yao; Editing by Alan Wheatley)