Home China News Economy Stable yuan conducive to world economic recovery
Stable yuan conducive to world economic recovery PDF Print E-mail

Wednesday, 20 January 2010

Maintaining a basically stable exchange rate of the Renminbi, China's currency yuan, would help the world economy go out of the global financial crisis and back on the track of growth, Minister of Commerce Chen Deming said Tuesday.

Chen said China would adjust the RMB exchange rate in a gradual and controllable manner and based on the market supply and demand.

Although there were some improvements in China's foreign trade this year, it would take a long time for the country's foreign trade to return to its 2008 level, he said.

Chen expected it would take one or two years or even longer for the country's foreign trade to be back to the 2008 level.

 
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