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China: Flexible yuan won’t rebalance world economy (AP)

June 21st, 2010

A Chinese clerk counts renminbi banknotes at a bank outlet in Hefei in central China's Anhui province, Sunday, June 20, 2010. China's central bank said Sunday it would maintain a stable exchange rate and didn't anticipate major changes in the value of the yuan, a day after saying it would manage the currency more flexibly. (AP Photo) ** CHINA OUT **AP - China says plans to allow greater flexibility in its currency are in line with its own interests but will do little to rebalance world growth without a fundamental overhaul of global financial systems.


Tags: world, won't, global financial systems, China, Economy, yuan, rebalance, Flexible

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