Print This Page Email This Page
Yuan's Trading Band May Expand

Chinese central bank chief said here on Sunday that China would consider widening its currency yuan's trading band if necessary though it is comfortable with current settings.

Zhou Xiaochuan, governor of the People's Bank of China, told a group of journalists in Cape Town shortly after the conclusion of the G20 meeting that "The floating band is okay for now. If necessary, we can consider to expand that. We're going to gradually enlarge the exchange flexibility."

However, he did not give a timeframe.

(Xinhua News Agency November 19, 2007)


Related Stories
- Official: China to Loosen Control on RMB Gradually
- Central Bank Lifts Foreign Currency Reserve Ratio

Print This Page Email This Page
Mount Qomolangma Mobile Phone Base Station Tests Successfully
Lung Disease Fatal for 1.28 Mln Chinese Each Year
Migrant Workers Left Out in Cold
Beijing Bids Farewell to Coal Heating Ahead of Olympics
Experts Gear up for African Aid Mission
Senior Official Calls for Healthy Growth of Private Sector


Product Directory
China Search
Country Search
Hot Buys