China's Premier: Some Countries' Call For Yuan Appreciation Unfair

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Monday, Chinese Premier Wen Jiabao said some countries call for yuan appreciation is unfair while practicing protectionism against China. He added such actions are aimed at containing China's development.

Wen was speaking at the 12th China-EU summit in the east China city of Nanjing. He noted that maintaining a stable yuan during the global financial crisis would not only benefit China's economic development, but also be conducive to world economic recovery.

The President of the European Council and Prime Minister of Sweden Fredrik Reinfeldt and the President of the European Commission José Manuel Barroso represented the European Union.

Monday, Chinese Premier Wen Jiabao said some countries call for yuan appreciation is unfair while practicing protectionism against China. He added such actions are aimed at containing China's development. (Market News Provided by RTTNews)