US Nobel laureate praises China's monetary policy

CHINA - Nobel Laureate Robert Mundell has praised China's monetary policy as "excellent" in a recent interview.

Addressing an international seminar here, Mundell praised China's policy of keeping its currency's exchange rate stable.

"You shouldn't change that, as it is working well," he said.

The Columbia University economist, known as the "father of the euro," was awarded the 1999 Nobel economics prize for his research into economic and monetary union.

He said that China is lucky to have receive