- Prison Planet.com - http://www.prisonplanet.com -
China rejects US demand to boost yuan’s value
Posted By admin On March 14, 2010 @ 5:21 am In World News | Comments Disabled
Press TV 
Sunday, March 14, 2010
Chinese Prime Minister Wen Jiabao has rejected pressure by the US and a number of other nations for a faster appreciation of the Chinese currency.
“A country’s exchange rate policy and its exchange rates should depend on its national economy and economic situation,” DPA quoted Wen as saying on Sunday.
(ARTICLE CONTINUES BELOW)
Wen said he rejected “finger-pointing” by nations who accuse China of keeping the value of yuan low in order to make its exports cheaper.
He added that China planned to “further improve the yuan exchange rate formation mechanism and keep the yuan exchange rates basically stable at a reasonable and balanced level.”
Full story here. 
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/china-rejects-us-demand-to-boost-yuans-value.html
URLs in this post:
 Press TV: http://www.presstv.ir/detail.aspx?id=120797§ionid=351020404
 Image: http://prisonplanet.tv/signup.html
 China won’t turn blind eye to possible US sanctions: http://www.prisonplanet.com/china-wont-turn-blind-eye-to-possible-us-sanctions.html
 Geithner Delays Currency Report, Urges Flexible Yuan for China: http://www.prisonplanet.com/geithner-delays-currency-report-urges-flexible-yuan-for-china.html
 China and US spar over currencies ahead of Obama visit: http://www.prisonplanet.com/china-and-us-spar-over-currencies-ahead-of-obama-visit.html
 China’s yuan hits record high amid US pressure: http://www.prisonplanet.com/chinas-yuan-hits-record-high-amid-us-pressure.html
 Paulson To Prod China on Currency: http://www.prisonplanet.com/paulson-to-prod-china-on-currency.html
Copyright © 2013 PrisonPlanet.com. All rights reserved.