China's economic rise is by all means a long-term plan, so it will continue for at least a few decades more, notwithstanding any major catastrophe or setbacks. Even if it slows down a bit; the idea is to build up the Chinese economy as a whole, not to make a few down businessmen rich beyond belief ) Distributing economic growth as evenly as possible will serve to preserve the territorial and political integrity of the country. There have been instances wherein China was split up into different states because the central government neglected to preserve national economic integrity.
So any floating of the RMB will have to wait a while.
At least Beijing is patient enough to refrain from actively shaping currency trends. I still wonder why the US Federal Reserve has had to print an astronomical quantity of USD notes over the last several years - apart from replacing those notes that get destroyed for various reasons."We must be modest and we still have to keep a low profile. If other people choose the yuan as a reserve currency, we won't stop that as it is the demand of the market. However, we will not push hard to promote it," he added.