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China Not to Adjust RMB Exchange Rate
2004-11-10 22:38:29     CRIENGLISH.com
China's vice Finance Minister Lou Jiwei says China will not adjust its currency exchange rate in the near future.
At a business conference in Beijing, Lou Jiwei said trade balance is a key factor in determining the exchange rate level.

He says China's exports this year are at the similar level as its imports, so it has no reason to adjust its currency exchange rate.

Lou Jiwei says China will continue implementing its current floating exchange rate system based on the market supply and demand.


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