Bloomberg News

China Will Keep Yuan ‘Basically Stable,’ Premier Wen Says

October 15, 2011

Oct. 15 (Bloomberg) -- China will keep the yuan “basically stable” to avoid excessive impact on the nation’s foreign trade companies, Premier Wen Jiabao said during a trip to Guangzhou in southern China, according to the China National Radio.

China will keep its export policies stable and boost lending to importers to help better balance trade, he was cited as saying, without providing details. The international financial crisis hasn’t ended and the situation has become more complex and severe, Wen was cited saying.

To contact the reporter on this story: Bloomberg News at emailtv@bloomberg.net

To contact the editor responsible for this story: Mike Harrison at mharrison5@bloomberg.net


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