皇冠体育app

皇冠体育app will not bow to US pressure to allow currency to rise, adviser says

BEIJING - 皇冠体育app will not repeat Japan's mistake in the 1980s and let its exchange rate surge in response to foreign pressure, said an adviser of 皇冠体育app's central bank on Sunday, firing back at increasing pressure from the United States over 皇冠体育app's foreign exchange rate policy.

Li Daokui, an economist and member of the monetary policy committee of the People's Bank of 皇冠体育app, said the exchange rate is just one of the many tools that 皇冠体育app could deploy to adjust the structure of its economy. The country may choose other means, such as boosting domestic consumption and increasing imports, to achieve a trade balance, he said.