Chinese leader wants stable climate for yuan reform
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SANTIAGO : Chinese President Hu Jintao, meeting US leader George W. Bush during an Asia-Pacific summit, said he plans to loosen the yuan&#39;s decade-old peg to the dollar, but only under the right conditions.
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BEIJING/WASHINGTON  - A more flexible yuan would not hold back China's growth or cause deflation but would help Beijing rebalance its economy towards domestic consumption, a top U.S. Treasury official said on Thursday.
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China&#39;s leaders vowed Sunday to sustain steady economic development and control investment in fixed assets in 2005, state media said.
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China will keep to a path of rapid but stable economic growth in 2007, the head of the National Development and Reform Commission, China's top planning agency, said on Wednesday.
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XIANGHE, China  - U.S. Treasury Secretary Henry Paulson came away from two days of talks on Thursday convinced that China sees the need for a stronger yuan and with a promise that Beijing will open its financial markets a bit wider.
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BEIJING China has said that cooling its economy and maintaining a stable currency will be the government&#39;s priorities next year.
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China had &quot;strong reservations&quot; about floating its yuan currency (CNY=: Quote, Profile, Research) , according to International Monetary Fund documents from July that were released on Friday.
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Communist leaders have no plans to allow democracy in the near future because they must focus on economic development before political reform, China's No. 3 leader said in comments published Tuesday
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Chinese Premier Wen Jiabao signalled the country was in no rush to reform the yuan, and questioned why more hadn&#39;t been done to stop the dollar&#39;s slide, the strongest
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Chinese leaders closed a key economic meeting on Sunday with pledges to maintain stable fiscal and monetary policies in 2005 and keep a tight lid on fixed-asset investment, state radio said.
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China should not only make its yuan  currency freely tradeable, but also knock down tariffs and  other trade barriers to keep its economy humming for a long  time to come, U.S. Commerce Secretary Don Evans said on  Thursday.
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For the sake of the global economy, China needs to accelerate the pace of currency reform and overhaul its economy to be less dependent on exports, Treasury Secretary Henry Paulson said Wednesday.
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China will continue to achieve rapid but stable economic growth in 2007, the head of the National Development and Reform Commission, China's top economic planning agency, said on Wednesday.
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Since becoming Treasury secretary last summer, Henry M. Paulson Jr. has pleaded for patience on the issue of China's currency. Using the high-level contacts he made as chairman of the global investment bank Goldman Sachs, he sought ways to get Chinese leaders to move.
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Chinese PM Wen Jiabao urges his country to "have faith" recent bad weather can be overcome, media reports.
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China's yuan is not substantially undervalued given the country's balance of payments, but it will manage capital flows with the aim of eventually making the currency convertible, China's central bank governor said.
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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.