Foreign and Military Affairs

MEP: Yuan appreciation a sovereign issue

By Ai Yang (chinadaily.com.cn)
Updated: 2010-10-06 22:22
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Brussels - Whether the yuan is to appreciate is a sovereign issue and Europe should not impose pressure to accelerate the process, said a high-level member of the European Parliament (MEP) on Wednesday.

"We'd like to see that (yuan's appreciation) happen but we'd like to see it happen in a normal way without outside pressure," Iliana Ivanova, vice-chair of the delegation for relations with China, told China Daily. "It is a free decision China will make when it is ready," the MEP said.

Ivanova made the remarks when meeting a visiting Chinese media delegation in the European Parliament.