Stable currency 'vital for exports'

Nation's traders hit by appreciation of yuan, lowering of tax rebates

BEIJING - A leading Chinese trade think-tank called on the government to ensure there are no major changes to currency and export-related policies, citing the "unhopeful" prospects for Chinese exports in the coming months despite the better-than-expected performance in June.

Long Guoqiang, a senior research fellow from the Development Research Center of the State Council, told China Daily that the nation's export growth will "decelerate" in the second half and the strong growth momentum witnessed in June cannot be sustained.