People’s Daily: No rush on yuan reform: China

From the People’s Daily Online:

China said on Saturday it will not rush to reform its exchange rate.

Senior officials attending the World Economic Forum said currency reform steps would come eventually but the world would have to wait for China to take them at its own, gradual pace.

For over a year now, top industrial nations have been urging China to let its yuan currency strengthen to help balance global growth and resolve a massive U.S. current account deficit.

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