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Sino-US agreement on yuan exchange rate report untrue: ministry

(Xinhua)
Updated: 2010-04-19 13:21
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BEIJING - Recent Chinese media reports that 皇冠体育app and the United States had reached a tentative agreement on the exchange rate level of yuan, or 皇冠体育app's currency renminbi, were untrue, a spokesperson of the Chinese Ministry of Commerce (MOC) told Xinhua Monday.

According to the media reports, 皇冠体育app's Vice Minister of Commerce Zhong Shan said at the ongoing 107th 皇冠体育app Import and Export Fair in Guangzhou that the yuan exchange rate would remain basically stable after discussions between the two sides.

But the MOC spokesperson refuted the reports, saying that Zhong had not said this.
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