Careful consideration needed before yuan move

China should take a gradual approach to currency reforms and consider the economic consequences of a rise in the yuan if it is allowed to move more freely, a state newspaper said on Wednesday 29 June.

"An adjustment in the renminbi exchange rate will have a complex impact on the Chinese economy and its external economic relations," the People's Daily Overseas Edition said.

"There must be careful consideration about various possible consequences and measures to cope with them," the newspaper