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Official: China need stability in currency

09-21-2010 09:06 BJT Special Report:US Tightens Pressures on Yuan Rise |

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China's Ministry of Commerce says the country needs basic stability in its currency to counter slowed export growth, and expectations of the yuan's appreciation. Wang Zixian, deputy director with the policy research office, also said a slowing of the export growth rate in the coming months is a given.

He added the slowdown would spell the end of a worldwide cycle of restocking goods, and the jobless recovery in major western economies. China's annual export growth slowed to 34 percent in August from 38 percent in July.

Editor:Xiong Qu |Source: CNTV.CN

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