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China opposed to fingerpointing in exchange rate issue: Premier
Posted: March-14-2010Adjust font size:

Premier Wen Jiabao said Sunday China opposes accusations and even forceful measures that press for yuan appreciation, which will not benefit the exchange rate reform.

"A country's exchange rate policy and its exchange rates should depend on its national economy and economic situation," Wen said while meeting the press after the annual session of the National People's Congress.

Wen said China will further improve the yuan exchange rate formation mechanism and keep the yuan exchange rates basically stable at a reasonable and balanced level.

"We support free trade, which will keep the economy going and bring harmony and peace to people," he said.

Source: XinhuaEditor: oulin
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