Chinese central bank chief said on Sunday that China would
consider widening its currency yuan's trading band if necessary
though it is comfortable with current settings.
Zhou Xiaochuan, governor of the People's Bank of China, told a
group of journalists in Cape Town shortly after the conclusion of
the G20 meeting that "The floating band is okay for now. If
necessary, we can consider expanding that. We're going to gradually
enlarge the exchange flexibility."
However, he did not give a timeframe.
(Xinhua News Agency November 19, 2007)
