Yi Gang Says China Will Do Its Part With `Gradual' Approach on Yuan Value

The People’s Bank of China’s Vice Governor Yi Gang said the country will do its part to help correct imbalances in the world economy.

Speaking in Washington, Yi said China is using a “gradual” approach on its currency, reiterating that major changes would cause “social upheaval.”

Yi said a regional currency agreement is unlikely.

To contact the reporter on this story: Sandrine Rastello in Paris at srastello@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

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