Wu says China to promote FX reform at own pace
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China is willing to promote flexibility of its currency, but it will keep the yuan "basically stable at a reasonable, balanced level," Vice Premier Wu Yi said on Thursday.
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Treasury Secretary Henry Paulson will urge the Chinese to adopt economic reforms, including a more flexible currency
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The Group of Seven (G7) industrialised nations urges China to be more flexible on its currency.
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U.S. Treasury Secretary John Snow on  Tuesday pledged a renewed drive to get countries like China to  adopt flexible currency rates so that U.S. trade deficits do  not continue to swell.
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WASHINGTON -- Treasury Secretary Henry Paulson urged China to undertake a broad range of economic reforms and said the country's failure to overhaul its currency system could raise the threat of a protectionist backlash.
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China's central bank has pledged to  strengthen efforts to effectively manage the amount of cash in  the financial system, according to the summary of a meeting  held earlier this week that was published on Wednesday.
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DAVOS, Switzerland  - China told the world on  Saturday it will not rush to reform its pegged exchange rate  regime, dashing hopes for a breakthrough on currency issues at  next week's Group of Seven finance ministers' meeting.
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China has signalled a toughening of its currency stance, with Premier Wen Jiabao blaming the US for recent volatility and the central bank reiterating that there will be no adjustments to its exchange rate any time soon.
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U.S. Treasury Secretary John Snow on Tuesday pledged a renewed drive to get countries like China to adopt flexible currency rates so that U.S. trade deficits do not continue to swell.
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In the face of growing international pressure, Chinese officials told top US officials on Friday that they would continue to push ahead with plans to float or revalue their currency, but avoided giving a date to begin the transformation.
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U.S. Treasury Under Secretary John  Taylor said on Saturday that China was taking all the necessary  steps toward introducing a flexible currency exchange rate that  will benefit itself and the global economy.
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The head of the Asian Development Bank on Tuesday urged Beijing to adopt a more flexible currency exchange system, saying removing the yuan's peg to the dollar will be good for both China and its neighbors.
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BERLIN  - Finance officials from the Group of 20 industrial and developing countries called Sunday for more flexible exchange rate practices in Asia, a step European officials believe might slow the euro's rapid rise.
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China says it will move toward a flexible exchange rate for its currency, but there is no word on how long such a transition will take.
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China is committed to revamping its foreign exchange regime and further relaxing its capital account controls, central bank governor Zhou Xiaochuan said on Saturday.
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China's premier Thursday called for deepened financial-sector reform to improve the country's investing environment.
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China told the world on Saturday it will not rush to reform its pegged exchange rate regime, dashing hopes for a breakthrough on currency issues at next week's Group of Seven finance ministers' meeting.