(Bloomberg) -- Chinese central banker Wu Xiaoling
reaffirmed the government's policy of keeping the yuan stable, a
day after U.S. Treasury Secretary Henry Paulson said he'll seek
``more creative'' ways to press for increased flexibility.
The world must be ``patient'' over the pace of the nation's
reforms, People's Bank of China Deputy Governor Wu said today at
a Beijing forum marking the 10th anniversary of the Asian
financial crisis. China will move toward a demand-driven exchange
rate, the central banker said.
Read more at Bloomberg Currencies News
reaffirmed the government's policy of keeping the yuan stable, a
day after U.S. Treasury Secretary Henry Paulson said he'll seek
``more creative'' ways to press for increased flexibility.
The world must be ``patient'' over the pace of the nation's
reforms, People's Bank of China Deputy Governor Wu said today at
a Beijing forum marking the 10th anniversary of the Asian
financial crisis. China will move toward a demand-driven exchange
rate, the central banker said.
Read more at Bloomberg Currencies News
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