In an interview on December 27, 2009, Chinese Premier Wen Jiabao commented on the RMB’s value. Wen confirmed that the RMB will not undergo any appreciation as a result of outside pressure. He suggested that protectionism is rising rapidly against China. Some countries are coming up with a large number of trade barriers, even in the name of environmental protection. Wen believes keeping a stable RMB value is China’s contribution to the world economy. Meanwhile, he is not optimistic about next year’s trend of Chinese exports.
Source: Xinhua, December 27, 2009