Hu Jintao: China Won't Appreciate Currency Under External Pressure

While meeting with his US counterpart in Washington on April 12, Chinese President Hu Jintao said China would firmly stick to the path of reforming the mechanism which determines the exchange rate of its currency will be based on its own economic and social development needs. Hu said detailed measures for reform should be considered in the context of the world's economic situation and China's economic conditions. Hu said China would not speed up the reform due to external pressure.

Source
China News Service

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