After China's trade deficit came in larger than expected over the weekend, the nation's central bank said it would steadily advance the country's exchange-rate reform and improve management of foreign-exchange reserves. Yi Gang, vice governor of the People’s Bank of China says the yuan exchange rate will be increasingly market-based.The People’s Bank of China said in a statement distributed at a news conference during the National People’s Congress that China will be innovative in managing its foreign-exchange reserves and improve the monitoring and regulation of cross-border yuan flows.Yi Gang, the central bank’s vice governor and also the head of China’s foreign-exchange regulator, said that China had made progress in rebalancing its economy, and the market will decide whether the country’s value of the RMB is reasonable or not.