NPC & CPPCC > Reports and Documents

China says to keep yuan stable, Wen's report

Updated: 2009-03-05 09:04

BEIJING  -- China pledged to keep the exchange rate of yuan "basically stable", according to a government work report to be delivered by Premier Wen Jiabao at a parliament session Thursday.

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 NPC and CPPCC 2009

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The country will keep the exchange rate of China's yuan, or Renminbi, basically stable "at an appropriate and balanced level" says the report.

The central parity rate of the yuan was 6.8395 per US dollar Wednesday, after weakening against the dollar for a seventh straight trading day.

The government also vowed to improve the exchange rate regime of the yuan, according to the report.

An editorial of the People's Daily has called on China's top political advisory body to made due contributions to help the country weather through difficulties.