China Says Yuan Not Undervalued
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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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Good news for officials who are trying to cool an overheated economy; austerity measures to remain. BEIJING  - China reported a marked slowdown in investment and money supply growth Monday, but stubbornly
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China came under renewed pressure Saturday from the Group of Seven to make its yuan more flexible, while Japan emerged from the meeting without a public scolding, despite criticism beforehand that its weakened ...Comment
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China&#39;s government said it would continue measures to slow economic growth and reaffirmed its commitment to a stable yuan policy as the nation&#39;s leaders wrapped up their annual meeting in Beijing.
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China on Monday emphasized its determination to keep its currency stable despite ongoing pressure from the United States.
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China poured cold water on Tuesday on speculation it will strengthen the yuan's value soon, saying such talk is "groundless" and that it will not resort to a one-off revaluation of the tightly held currency.
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Chinese inflation rose in February on  the back of higher food costs, but economists said they did not  expect price pressures to get out of hand despite breakneck  growth and plentiful cash in the banking system.
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China is willing to promote  flexibility of its currency, but it will keep the yuan  &quot;basically stable at a reasonable, balanced level,&quot; Vice  Premier Wu Yi said on Thursday.
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China's yuan shows its biggest post-revaluation rise against the dollar as the central bank signals a shift in its policy.
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China's central bank governor,   acknowledging the challenge posed by China's trade surplus, on   Tuesday described currency reforms to date as important and   said their impact would be felt over time.
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Chinese officials reiterated their  country would move toward a flexible foreign exchange rate, but  offered no new specifics on the timing in a joint statement  issued on Friday after talks with high-level U.S. officials.
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More flexibility in China&#39;s yuan  currency exchange rate will not restrain the country&#39;s economic  growth and cause deflation, but instead will help China  rebalance its economy towards domestic consumption, a top U.S.  Treasury official said.
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America has not changed its strong dollar policy and still expects China to make its own currency more flexible, a Treasury official said on Monday, shrugging off comments from Beijing that had jolted markets.
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Chinaâs currency rose steeply against the dollar this week, feeding speculation that Chinese authorities were allowing their currency to appreciate more rapidly.
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Beijing is not ready to loosen its currency peg to the US dollar, a People&#39;s Bank of China governor said Saturday at the Group of 20 economic summit in Berlin.
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Officials say the country will move away from peg of 8.28 yuan to the dollar amid US pressure. WASHINGTON  - Chinese officials reiterated that the country would move toward a flexible foreign exchange
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Chinese officials reiterated their country would move toward a flexible foreign exchange rate, but offered no new specifics on the timing in a joint statement issued on Friday after talks with high-level US officials.