Controlled reforms
Print Edition
VICE Premier Wang Yang said yesterday that China will quicken its exchange rate reform, but the country must find the right pace for its financial reforms.
“China should quicken the pace of reform and opening up, and quicken the exchange rate system reform, but we should pay attention to the details,” Wang said on the opening day of high-level talks between China and the United States in Beijing.
“If reforms go too fast, we could be bogged down in details and make fatal mistakes,” he said.
“If it’s too slow, China’s reform process could be affected and the United States ... will put pressure (on China),” he added.
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