China to see 9 pct-plus growth in 2010-FX chief

China's economy will escape a double dip and enjoy gross domestic product growth this year of more than 9 per cent, Yi Gang, head of the State Administration of Foreign Exchange, said in remarks published on Friday.

In an interview posted on the currency regulator's website, www.safe.gov.cn, Yi said expectations of a stronger yuan had diminished and there was no basis for sharp fluctuations in the exchange rate.

China would stick to the principle of diversifying the currency composition of its $2.45 trillion in international reserves, Yi said.

Beijing had no timetable to make the yuan fully convertible and would not push hard to make it an international reserve currency, he added.