Home Facts industry

Small yuan appreciation good for Chinese economy: central bank

Small yuan appreciation good for Chinese economy: central bank

Write: Akama [2011-05-20]
A small and gradual appreciation of yuan will have a significantly more positive than negative impact on China's domestic economy, said a senior Chinese central bank official on Thursday.
According to a Reuters' report, Sheng Songcheng, chief of the statistics department of the central bank, told Financial News that the central bank should push forward the exchange mechanism reform in an orderly manner.