• To keep yuan basically stable at reasonable, balanced level
• Chnia will see considerable net forex inflows
• Risks to global economic recovery should not be neglected. Cites effects of euro debt crisis and deficits in “some economies”
• Repeats no basis for big swings in yuans’ exchange rate
• China’s economy to achieve stable, sistainable growth
• Presssure for wage increases in China to intensify
• Economy set to maintain overall recovery despite euro crisis
• Must strengthen management of inflationary expectations