Wen Says Yuan May Be Near Equilibrium

Wen Says Yuan May Be Near Equilibrium Play

March 14 (Bloomberg) -- Chinese Premier Wen Jiabao said the yuan may be near an equilibrium value and that policy makers will allow greater movement in the exchange rate. Speaking at his final press conference to close the annual National People’s Congress before he leaves office next year, Wen also said China risks facing another Cultural Revolution unless it presses ahead with political change. Stephen Engle reports from Beijing on Bloomberg Television's "Countdown" with Owen Thomas and Linzie Janis. (Source: Bloomberg)

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