China to continue increasing the Yuan flexibility - News - Dukascopy Bank

Thu, 29 Dec 2011 08:57:39 GMT
Source: China.org.cn
 
© Scanpix/Reuters

China will go on increasing its currency flexibility and boosting domestic demand, according to foreign ministry. Since last year, the exchange rate had become much more flexible, said Hong Lei. The country's foreign trade is more balanced with decreasing current account surplus to 3% of the GDP in the first nine months of 2011, he added.


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