China's c bk chief expects to step up forex reform

CHINA - People's Bank of China Governor Dai Xianglong Monday said the country will begin to step up reform of its foreign exchange system after next month's entry into the World Trade Organization.

Analysts expect that China will widen the current tight trading band on currency transactions, which keeps the exchange rate around 8.277 yuan to the U.S. dollar, after formally joining the WTO.

Writing in the People's Daily, the official mouthpiece of the ruling Chinese Communist Party, Dai said lar

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