Both reports come after a key-meeting on the world's fourth-largest economy
pledged China would better manage its more than one trillion dollars in foreign
exchange reserves and improve access to finance in its rural areas.
The two-day National Financial Work Conference, which wrapped up over the
weekend, has only been held twice before in the nation's history -- in 1997 and
2002 -- highlighting the unusual importance of the event.
China's foreign exchange reserves, the world's largest, reached 1.07 trillion
dollars at the end of 2006, the first time they ended the year above the
one-trillion-dollar-mark, the central bank said last week.
Wen, who also presided over that meeting, told delegates: "China will
steadily push forward foreign exchange rates reform and actively explore and
expand the use of its foreign exchange reserves."
 | 1 | 2 |