China reiterates yuan stance for five-year plan

Updated: 2011-03-10 15:22

(Agencies)

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China will keep the yuan basically stable while also strengthening its flexibility over the coming five years, a central bank official said in a statement on Thursday, reiterating a long-standing description of exchange rate policy.

In a statement about the central bank's plans for China's five-year plan running from 2011 to 2015, Zhang Xiaohui, head of the monetary policy department, said that yuan reform could help curb inflation and asset bubbles.