China’s Hu to work toward balanced growth -paper

PARIS, Nov 1 (BestGrowthStock) – President Hu Jintao said China is
ready to work with other countries to achieve balanced economic
growth and will seek to perfect its exchange rate system to
increase yuan flexibility, French daily Le Figaro reported on
Monday.

“In the future we will continue to perfect, according to the
principles of autonomy, controllability and progressiveness, our
floating and regulated exchange rate system to make the laws of
supply and demand work better and increase the yuan’s
flexibility, to maintain a relative stability of our currency at
a fair and balanced level,” Hu was quoted as saying in an
interview on the newspaper’s website.
(Reporting by Laure Bretton; editing by David Stamp)

China’s Hu to work toward balanced growth -paper