China to Further Improve Formation Mechanism of Yuan Exchange Rate: Central Bank-Shanghai Metals Market

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China to Further Improve Formation Mechanism of Yuan Exchange Rate: Central Bank

Data Analysis 08:50:29AM Mar 08, 2010 Source:SMM

BEIJING, Mar. 8 -- China will further improve the formation mechanism of exchange rate of the renminbi, or the country's currency yuan, to keep the exchange rate basically stable at an adaptive and balanced level, the People's Bank of China said Saturday.

The central bank made the statement in a report delivered to media during a press conference on the sideline of the annual parliament session.
 

Key Words:  exchange rate  

China to Further Improve Formation Mechanism of Yuan Exchange Rate: Central Bank

Data Analysis 08:50:29AM Mar 08, 2010 Source:SMM

BEIJING, Mar. 8 -- China will further improve the formation mechanism of exchange rate of the renminbi, or the country's currency yuan, to keep the exchange rate basically stable at an adaptive and balanced level, the People's Bank of China said Saturday.

The central bank made the statement in a report delivered to media during a press conference on the sideline of the annual parliament session.
 

Key Words:  exchange rate