RMB appreciation not to change trade pattern between China,selected countries
 
From: CHINA VIEW
January 25, 2007 12:55 Beijing Time
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BEIJING, Jan. 25  -- The exchange rate adjustment of the RMB will not change the trade pattern between China and some selected countries, said Xie Fuzhan, commissioner of the the National Bureau of Statistics (NBS) at a press conference Thursday.

Xie said the RMB has appreciated gradually against the U.S. dollar since China launched the foreign exchange rate reform on July 21, 2005, but China's trade surplus with the United States did not drop.

Besides, China still registered a deficit in trade with neighboring countries including Japan, the Republic of Korea and ASEAN (Association of Southeast Asian Nations) countries, said Xie.

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