Uhhh, well given they'd like to do both that sorta makes sense :-D

Via Bloomberg, the news organisation cites people familiar with the matter:

  • China has studied possible scenarios of yuan exchange rate and capital outflows in 2017 based on models, stress tests and field research
  • Is preparing contingency plans
  • Govt may consider asking state-owned enterprises to temporarily convert some foreign-currency holdings into yuan under current account if necessary
  • Financial regulators have already encouraged some SOEs to sell FX under current account
  • China may further cut U.S. Treasury holdings in 2017 if needed to keep exchange rate stable