BIZCHINA> Policies
NDRC: China to continue towards market determining RMB
By Si Tingting (China Daily)
Updated: 2008-11-27 14:07
NDRC Nov 27 Press Conference

Related readings:
 China to buy crops to protect farmers
 350b yuan to pour into environmental industry
Total investment to surpass 18t yuan next year
 Fuel tax scheme to be made public soon
Economic planner unveils stimulus breakdown

Zhang Ping, minister of the National Development and Reform Commission (NDRC), China's top economic planning body, said at a press conference this morning that China will stick to the direction of letting the market determine the value of RMB.

"China will stick to this direction in the long term," said Zhang. The RMB has appreciated by 20 percent since China de-pegged it from the US dollar in July 2005.

(For more biz stories, please visit Industries)