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China independent-minded on yuan value

05-18-2010 14:18 BJT Special Report: Yuan Not to Blame for Trade Surplus |

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China will decide its exchange-rate policy independently, despite US threats to label China a currency manipulator and to impose trade sanctions.

Ministry of Commerce spokesman, Yao Jian, says the government will decide on the policies toward the yuan based on China's own needs and assessment of the domestic and global economies. Yao pointed out the appreciation of the yuan against the euro has already hurt Chinese exporters.

Editor:Zhang Jingya |Source: CCTV.com

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