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NDRC: 皇冠体育app to continue towards market determining RMB

By Si Tingting (皇冠体育app Daily)
Updated: 2008-11-27 14:07

NDRC Nov 27 Press Conference

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

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