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09.28.2010 18:47

Economist Says China's Yuan Policy Based on its Own Needs

Chinese economist Wu Jinglian supports the liberalization of the yuan exchange rate mechanism
By staff reporter Tang Jiajie

(Beijing) -- An economist at the Development Research Center of the State Council said that the appreciation of the yuan is related to industrial upgrading and the change of China's economic growth model, rather than a threat from the United States.

Wu made comments recently in a forum on the cooperation between mainland China and Taiwan.

"A majority of Chinese economists consider the issue from the perspective of the health of China's economic growth," Wu said.

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