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China to further improve formation mechanism of yuan exchange rate: central bank

2010-03-06 16:14 BJT

Special Report: 2010 NPC & CPPCC Sessions |

BEIJING, March 6 (Xinhua) -- China will further improve the formation mechanism of exchange rate of the renminbi, or the country's currency yuan, to keep the exchange rate basically stable at an adaptive and balanced level, the People's Bank of China said Saturday.

Zhang Ping, Chairman of National Development and Reform Commission (NDRC), Xie Xuren, the Minister of Finance, Chen Deming, the Minister of Commerce, and Zhou Xiaochuan, governor of the People's Bank of China, attend a news conference of the Third Session of the 11th National People's Congress (NPC) on the enhancement and improvement of macro-economic control held at the Great Hall of the People in Beijing, China, March 6, 2010. (Xinhua/Li Ziheng)
Zhang Ping, Chairman of National Development and Reform Commission (NDRC),
Xie Xuren, the Minister of Finance, Chen Deming, the Minister of Commerce,
and Zhou Xiaochuan, governor of the People's Bank of China, attend a news
conference of the Third Session of the 11th National People's Congress (NPC)
on the enhancement and improvement of macro-economic control held at the
Great Hall of the People in Beijing, China, March 6, 2010.(Xinhua/Li Ziheng)
 

The central bank made the statement in a report delivered to media during a press conference on the sideline of the annual parliament session.

Editor: Zhang Ning | Source: Xinhua