Xinhua, 18 Oct 2008
SINGAPORE, Oct. 18 (Xinhua) -- Singapore's Senior Minister Goh Chok Tong has praised China for its response to the Asian financial crisis in 1997 and the current global financial storm, which is believed to have serious impact on the world economy.
In a recent interview with China's Central Television Station, Goh said that China held its national currency and did not devalue it in 1997, which would have put further pressure on other currencies, local English newspaper "The Straits Times" reported on Saturday.
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