Thursday, 31 May 2007

China stock gains too fast, yuan may rise: c.banker

(Reuters) - But if China's economic reforms succeed, the yuan may strengthen against the dollar though the country would ignore any external pressure for its currency's appreciation, Wu Xiaoling told a seminar on global imbalances.




"In my view, every market develops in twists and turns. In my view, the Chinese stock market is growing too rapidly. We hope it can grow in a more steady manner," Wu said.


Read more at Reuters.com Hot Stocks News

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