China's central bank governor Zhou Xiaochuan
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China's central bank governor defends yuan rate

China's central bank governor Zhou Xiaochuan has come out fighting in response to mounting pressure to allow the country's currency to rise.

China will move to a market-determined exchange rate, but gradually.

Mr Zhou was speaking in a BBC World News debate at the annual meetings of the International Monetary Fund (IMF) and the World Bank in Washington.

Michelle Fleury reports.

  • 09 Oct 2010
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