Chen Deming: It is premature for China to implement exit strategy

Xinhua News agency China Commerce Minister Chen Deming said 21st that the Chinese government will continue to implement a positive fiscal policy and moderately loose monetary policy, it is premature to implement exit strategy.　　He added that reform of the renminbi's exchange rate will remain in the same direction. Chen Deming, in Brussels, co-hosted the 24th session of the EU-China Economic and Trade Commission with European Union Trade Commissioner Mr. De Gucht.　　At a press conference after the meeting, he said the Chinese government is highly concerned about the debt crisis in the eurozone countries, which shows that there are still many uncertainties and uncertainties in the current world economic recovery, in which case the Chinese government will continue to implement a proactive fiscal policy and moderately loose monetary policy, and it is premature to implement the exit strategy. On the issue of the renminbi exchange rate, Chen said, including the renminbi and other major currencies to maintain the stability of the currency to help the global economy out of the crisis, the renminbi exchange rate reform will remain in the direction.　　He said that the renminbi exchange rate is China's sovereignty issue, the renminbi exchange rate reform direction is steadfast.　　Chen Deming said that the current economic crisis is still not over, including the renminbi and other currencies to maintain the stability of the currency is essential, any major currency devaluation or revaluation of the world economy will bring unpredictable harm. The euro has fallen sharply in recent days as the European debt crisis has intensified. Chen said the Chinese government remains highly concerned about the crisis and hopes and believes that joint action by the European Union and the International Monetary Fund will bring the crisis to an early stage and hope to see a stable and strong euro.