Mon 1 Jan 2007
China’s central bank, under pressure from the U.S. and other Group of Seven nations to make the yuan more flexible, will pursue a “stable currency policy'’ to promote economic growth thoughout 2007.The People’s Bank of China “will continue to strengthen and adjust financial control mechanisms, execute a stable currency policy, improve foreign exchange management and push for financial reforms and innovation,'’ Governor Zhou Xiaochuan said today. “We want to contribute to ensure stable and accelerated economic development.'’
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