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China reaffirms it wants stable, balanced yuan

Published: Sunday, Nov 29, 2009, 18:10 IST
Place: Beijing | Agency: Reuters

Premier Wen Jiabao on Sunday restated China's long-standing position that the yuan's exchange rate should be kept at a reasonable, balanced level.

State television showed Wen meeting a trio of top economic officials from the euro zone, who were making the case for a strengthening of the Chinese currency.

Wen also said China wanted to see stability in the world's major reserve currencies -- a thinly veiled way of saying China is unhappy with the weakening trend of the dollar.

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