BEIJING, Oct 29 (Reuters) - The yuan needs to be more flexible and appreciation is the long-term trend for the currency, a Chinese central bank adviser said on Friday.
Li Daokui, an academic adviser on the monetary policy committee, also told a forum that exchange rate adjustment should be based on domestic factors and not just on external pressure. (Reporting by Langi Chiang and Simon Rabinovitch; Editing by Ken Wills)