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China eyes basically steady yuan in 2010: Minister

(Agencies)
Updated: 2010-03-04 11:20

China will keep the yuan's exchange rate basically steady this year, Commerce Minister Chen Deming said on Wednesday.

Related readings:  Pressure on yuan rise 'not justified'  Yuan appreciation no solution to world trade imbalance  RMB is not a cure-all for US economy: IMF  Stable yuan conducive to world economic recovery: Chen

Speaking to reporters on the sidelines of the opening session of the annual Chinese People's Political Consultative Conference, Chen said he expected 2010 to be a better year for Chinese exports than 2009, when they fell 16 percent.

The yuan has been rooted near 6.83 per dollar since mid-2008.

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