We are now preparing for the reform of the yuan's exchange rate system. For such reforms to take place, we need good economic conditions... and we need to do it under tight control.
A stronger yuan could lead to greater Chinese asset accumulation in the U.S. and elsewhere.
As for when to reform the yuan, there is no timetable yet.
When I started selling air conditioners early on, customers were willing to pay an extra 200 yuan to buy from Suning. Why? Service was good.
We will not reform the yuan until the time is right even if there is external pressure.