Dow Jones - This is by far the most significant official comment about faster yuan appreciation since the revaluation in 2005, and seems to confirm that China's policymakers have embarked on a genuinely new foreign exchange policy allowing much more strength. Moreover, today's PBOC comments are highly significant as they suggest economic policy has now finally shifted towards a path that seems to address one of the root causes of Chinese imbalances, the excessive pace of foreign exchange reserve accumulation.