We are now seeing that happen gradually; the government recently announced that starting in December, the cost of a popular grade of gasoline and diesel will be based on a managed float system.
As of December 1, fuel subsidies were removed; the cost of a popular grade of gasoline and diesel will be based on a managed float system going forward.
December 26, 2003 How to Manage a Managed Float System - Recommending a BBC regime
实事求是 2003年12月26日 如何管理有管理的浮动汇率制 ? - 建议采用BBC方式
When shifting to a managed float system based on the BBC regime, authorities must specifically decide the components of the basket, the width of the band, and the speed of the crawl.
On July 21, 2005, China revalued the yuan by 2.1% against the U.S. dollar, while at the same time shifting from the dollar-pegging system to a managed float system. Subsequently, however, there has been no sign of the yuan revaluation pressure easing.
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Synonyms and analogies of "managed float system" in English