¡¡¡¡BEIJING, March 18 (Xinhuanet) -- Chinese new Premier Wen Jiabao said here Tuesday at a new conference that a strong and stable Renminbi is beneficial not only to China, but also to Asia and the world as a whole.

¡¡¡¡He said that China adopts a regulated floating exchange rate system according to market demands. Since 1994 when China reformed its exchange rate system, RMB has appreciated 18 percent against the US dollar and 34 percent against euro in real terms. Enditem