It would be appropriate for China to allow the yuan to appreciate, but a stronger currency would not be a panacea for the country's structural problems, World Bank President Robert Zoellick said on Wednesday.
He said China's main priority is to enact structural changes to spur domestic demand.
But a stronger yuan would send a price signal that would help reinforce a shift away from export-led growth, said Zoellick, who was speaking at a news conference at the end of a week-long visit to mark the 30th anniversary of the start of the Washington lender's partnership with China.
© 2016 Thomson/Reuters. All rights reserved.