BEIJING?- A small and gradual appreciation of yuan will have a significantly more positive than negative impact on China's domestic economy,?said a senior Chinese central bank official?on Thursday.
According to a Reuters' report, Sheng Songcheng, chief of the statistics department of the central bank, told Financial News that?the central bank?should push forward the exchange mechanism reform in an orderly manner.
The mechanism reform?will give businesses adequate adjustment?time and relatively accurate expectations for the exchange rates changes, Sheng said.
China sets up first state-level yuan FOF
China calls for enchanced exchange with chile
More internationalized renminbi
Quantitative easing and the Renminbi