China adheres to the basic stability of RMB exchange rate
On the March 14, 2010: Premier Wen Jiabao that we are opposed to mutual accusations among the countries and coercive means to compel a country’s exchange-rate appreciation, because it is not conducive to the reform of the RMB exchange rate.
Premier Wen Jiabao pointed out a country’s exchange rate is determined by a country’s economy, exchange rate movements are also decided by integration of economic circumstances.
Wen said the RMB will continue to adhere to the basic stability of RMB exchange rate.
The remarks gave relief to the coastal export enterprises.
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