U.S. and Chinese leaders have agreed that China will reduce its intervention in the currency market when conditions are ripe, reaching an understanding on a prickly issue that has hurt ties between the world's two biggest economies for years. China's Central Bank Governor Zhou Xiaochuan said on the sidelines of annual high-level talks between the two nations that China will "significantly" reduce its yuan intervention when some prerequisites are met. He did not give further details. Analysts said Zhou's unusual candour about China's currency intervention, which was echoed earlier on Wednesday by the Chinese finance minister, suggested that China may be ready to let the yuan rise again once its economy stabilises. Indeed, U.S. Treasury Secretary Jack Lew told reporters at the end of talks on Thursday that China was committed to reducing its interference with the yuan, "as conditions permit". China will also increase the transparency of its cur