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China will exit its crisis policies 'sooner or later'
Updated: 2010-03-19 14:56
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China opposes politicizing exchange rate issues.
* The country's foreign exchange rate forming mechanism is a choice made in light of concepts and rules of the IMF and its own conditions.
* The dollar peg was a temporary response to the global financial crisis and would be changed "sooner or later", as China balances growth and inflation concerns.
Zhou broke new ground on Saturday by stating that China would sooner or later exit the "special yuan policy" adopted to counter the financial crisis.
China's central bank will keep the yuan's exchange rate relatively stable this year and deepen coordination with other countries on major policy issues. [Full Story]
