So says the Chinese vice fin min on reuters
- China paying close attention to US tapering
- China’s economic situation hasn’t changed, govt will keep stable growth
- will take measures to support growth if needed but will not add large-scale stimulus to smooth short-term growth fluctuation
- Yuan fluctuations reflect market demand
- direction of China’s currency policy is “correct”
- has made it clear to US that China is determined to reform the currency regime
and then have the yuan as the world’s reserve currency no doubt!
