MNI Policy:China Can Assure US on Yuan Stability in Trade Deal

     BEIJING (MNI) - China can assure U.S. negotiators it will keep its currency

stable, though it is unlikely to promise outright on the value of the yuan, said

Li Daokui, a former member of the Monetary Policy Committee of the People's Bank

of China, said on the sideline of the National People's Congress.

     "Such demand by the U.S. is consistent with China's need," Li said. 

     Regardless the outcome of trade negotiations, the Chinese economy in the

long term will continue to grow steadily, Li repeated his view.

     China's domestic monetary policy will likely be "loose and orderly" and

geared towards helping medium and small businesses transform, Li said. 

--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com

--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@marketnews.com

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