According to media reports that U.S. Vice Minister of Commerce Zhongshan issues such as the RMB exchange rate between the initial agreement, Zhong Shan, vice minister of Ministry of Commerce to participate in the China Import and Export Fair in Guangzhou when he said that after consultations with the United States, United States the initial agreement, China's foreign trade policy will remain basically stable RMB exchange rate will remain basically stable.
Xinhua News Agency denied the reports untrue, Zhongshan has not made those remarks. Ministry of Commerce position on the issue of RMB exchange rate has been quite clear in the April 15 regular briefing, spokesman Yao Jian has said that the RMB exchange rate remained stable, not only support the export sector. In fact, the RMB exchange rate stability is an important and effective measures to curb hot money inflows, the Chinese government according to the state of domestic and international macroeconomic policies the basic judgments. He stressed that "the exchange rate issue is the sovereignty of a country" and pointed out that China will change the economic situation at home and abroad to make appropriate arrangements and choices.