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China to Expand Yuan Rate Flexibility Based on Market, Wen Says

March 14 (Bloomberg) -- China will expand the yuan’s exchange rate flexibility based on market supply and demand conditions, Chinese Premier Wen Jiabao said in a speech at a briefing at the National People’s Congress.

Exchange rate reform must be a gradual process so as to maintain social stability, Wen said.

Link to Company News:{FRX US <Equity> CN <GO>} Link to Company News:{MSII US <Equity> CN <GO>}

To contact the editor responsible for this story: Bloomberg News at gturk2@bloomberg.net

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