China must be careful over forex rate- Premier Wen

- Central Banking staff
- 28 Apr 2004

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China must be careful before changing its fixed exchange rate because any rash change could mean trouble for the economy and that of the rest of the world, Premier Wen Jiabao said in an interview on Wednesday 28 April.

``As to how and when this (reform) can be started, we must be very prudent,'' Wen told Reuters in an interview on the eve of an official trip to Europe.

``If we change the system rashly, it will certainly bring unpredictable problems to the domestic economy, and at the same time

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