Text of report in English by official Chinese news agency Xinhua (New China News Agency)
Beijing, 16 March: Nobel Laureate Robert Mundell told Xinhua here Saturday [16 March] that China's monetary policy is " excellent".
Addressing an international seminar here, Mundell praised China 's policy of keeping its currency's exchange rate stable. "You shouldn't change that, as it is working well," he said.
The Columbia University economist, known as the "father of the euro", was awarded the 1999 Nobel economics prize for his research into economic and monetary union.
He said that China is lucky to have received a great deal of foreign …