WORLD
China`s Wen Sees Gradual Yuan Rise; Can`t Relax On Inflation
Baku, March 14 (AZERTAC). The threats posed to employment and social stability mean that the pace of yuan appreciation will be only gradual, Chinese Premier Wen Jiabao said Monday.
Wen, speaking at the annual press conference marking the end of this year`s meetings of the National People`s Congress, also warned on inflation conditions in the first half of 2011.
His comments on exchange rate reform were largely a reiteration of existing policy statements -- including shifting the yuan to a managed floating regime subject to market supply and demand -- though Wen did explicitly link the need to maintain only a gradual pace of yuan reform with the threat of unrest.
"We will continue to increase yuan exchange rate flexibility based on market demand and supply but at the same time, this appreciation will be gradual because it matters to businesses and employment," he said.
FEEDBACK
Other news in this section
- 28.04.2024 [17:27]
20 Cambodian soldiers killed in an ammunition explosion at a military base
- 28.04.2024 [12:37]
Satellites spot clusters of 'spiders' sprawled across Mars' Inca City
- 28.04.2024 [12:12]
6,000 additional police to secure Olympic torch in France
- 28.04.2024 [10:36]
6.3-magnitude quake hits Java, Indonesia -- GFZ
- 27.04.2024 [19:40]
Long lines form and frustration grows as Cuba runs short of cash
- 27.04.2024 [17:41]
One more suspect in Crocus City Hall terror attack arrested — police
- 27.04.2024 [17:16]
Rwanda Bill has caused migrants to pour into Ireland, says deputy PM
- 27.04.2024 [14:35]
M6.9 earthquake hits south of Tokyo, no tsunami threat
- 27.04.2024 [13:42]
US Air Force awards $13 billion Doomsday plane contract to Sierra Nevada
WHO says current public health risk posed by bird flu 'low'
- 27.04.2024 [20:14]
Another Azerbaijani judoka crowned European champion
- 27.04.2024 [20:01]
Long lines form and frustration grows as Cuba runs short of cash
- 27.04.2024 [19:40]
Liverpool’s 2-2 draw at West Ham further damages Premier League title hopes
- 27.04.2024 [19:04]
® Affordable smartphone offer from Nar!
- 27.04.2024 [18:49]
Azerbaijani servicemen attend Efes - 2024 multinational exercise
- 27.04.2024 [18:35]
Azerbaijan’s State Oil Fund buys Tesla and Intel stocks - EXCLUSIVE
- 27.04.2024 [18:17]
Dmitri Peskov: Russia advocates for peace deal between Armenia, Azerbaijan
- 27.04.2024 [18:07]
One more suspect in Crocus City Hall terror attack arrested — police
- 27.04.2024 [17:41]
Rwanda Bill has caused migrants to pour into Ireland, says deputy PM
- 27.04.2024 [17:16]
President of Montenegro: Azerbaijan is a friendly country for us
- 27.04.2024 [17:14]
Greece hands over Olympic Flame to Paris 2024 Games organizers
- 27.04.2024 [16:31]
Earth's rotation slowing, making days longer: Scientists
- 27.04.2024 [14:41]
M6.9 earthquake hits south of Tokyo, no tsunami threat
- 27.04.2024 [14:35]
ANAMA employee injured in landmine blast in Shusha
- 27.04.2024 [14:16]
US Air Force awards $13 billion Doomsday plane contract to Sierra Nevada
- 27.04.2024 [13:42]
60-year-old lawyer makes history by being crowned Miss Universe Buenos Aires
- 27.04.2024 [13:41]
Azerbaijan, Montenegro discuss interparliamentary cooperation
- 27.04.2024 [13:40]
Moroccan King invited to COP29
- 27.04.2024 [12:57]
Oil prices surge in global markets
- 27.04.2024 [12:08]
Guler goal gives much-changed Real Madrid win over Real Sociedad
- 27.04.2024 [11:59]
Azerbaijan Army command-staff exercises accomplished
- 27.04.2024 [11:39]
20th Ankara book fair kicks off in Turkiye
- 27.04.2024 [11:36]
Azerbaijani oil price climbs above $90
- 27.04.2024 [10:50]
Britain's King Charles to return to duty after cancer treatment
- 27.04.2024 [10:23]
Hidayat Heydarov crowned four-time European champion
- 26.04.2024 [21:07]
President Ilham Aliyev concluded his working visit to Germany VIDEO
- 26.04.2024 [21:00]
PKK bomber gets 7 life terms for Istanbul attack
- 26.04.2024 [20:50]
British man tests first personalised melanoma vaccine
- 26.04.2024 [20:33]
Azerbaijani, Kazakh military specialists hold meetings
- 26.04.2024 [20:23]
Kazakh delegation visits Azerbaijan Air Force Central Command Post
- 26.04.2024 [19:04]
AZAL introduces exclusive airfare deals to Bucharest and Sofia
- 26.04.2024 [18:38]
Gaza pier: US begins building floating base to boost aid
- 26.04.2024 [17:48]
Kyrgyz Minister of Digital Development informed about "ASAN Xidmet" center
- 26.04.2024 [16:57]
Azerbaijani judoka captures European silver
- 26.04.2024 [16:28]
Azerbaijani boxers claim two European bronzes in Serbia
- 26.04.2024 [16:27]
Deepwater Gunashli planned turnaround programme
- 26.04.2024 [16:23]
Xi meets Blinken, stresses major country responsibilities for China, U.S.
- 26.04.2024 [16:19]
Azerbaijani Paralympic swimmer secures his third European medal in Portugal
- 26.04.2024 [16:18]
Another 39 families relocated to Fuzuli city get house keys
- 26.04.2024 [15:58]
President Ilham Aliyev: COP29 will not be an arena of confrontation
- 26.04.2024 [15:39]
President Ilham Aliyev: There are very good opportunities to achieve peace
- 26.04.2024 [15:14]
Olaf Scholz: We welcome initial demarcation agreements
- 26.04.2024 [15:01]
Closing ceremony of Turkish-Russian Joint Monitoring Center held
- 26.04.2024 [14:47]
Aramco and FIFA announce global partnership
- 26.04.2024 [13:22]