Bloomberg News

China to Keep Pushing Yuan Flexibility, Foreign Ministry Says

December 28, 2011

Dec. 28 (Bloomberg) -- China will continue to push for the flexibility of the yuan exchange rate, Hong Lei, a spokesman for the foreign ministry, said at a press conference in Beijing today.

Exchange rate reforms are based on market demand and a basket of currencies, Hong said.

To contact the editor responsible for this story: Gregory Turk at gturk2@bloomberg.net


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