China reaffirms that it wants to ensure a balanced yuan currency

CHINESE premier Wen Jiabao yesterday restated the country&rsquo;s long-standing position that the yuan currency&rsquo;s exchange rate should be kept at a reasonable, balanced level.<br /><br />State television in China on Sunday showed Wen meeting a trio of top economic officials from the euro zone, who were making the case for a strengthening of the Chinese currency.<br /><br />Wen also said China wanted to see stability in the world&rsquo;s major reserve currencies &ndash; a thinly veiled way of saying China is unhappy with the weakening trend of the dollar.