China comes under G7 fire for holding down yuan
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China came under pressure on Saturday  to let its currency rise faster to ease imbalances in trade and  capital flows that pose one of the biggest risks to global  growth.
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Finance ministers and central bank  chiefs from the world's 20 biggest economies voiced concern on  Saturday over sudden currency swings, venturing for the first  time into the territory of the more influential Group of Seven.
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ESSEN, Germany  - The G7 economic powers urged China on Saturday to loosen state control of its exchange rate and addressed a slide in the yen by urging financial markets to take account of Japan's strengthening economy.
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Chinese Premier Wen Jiabao launched an indirect attack on the United States Sunday for failing to halt the dollar&#39;s slide, and vowed not to revalue the renminbi yuan under pressure, according to a published report.
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The enfeebled dollar tumbled to record depths against the euro for the fourth day in a row, and hit multi-year lows against the yen and Swiss franc on reports China is selling US government bonds.
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The International Monetary Fund, applying pressure, said Monday that China should build upon efforts to revamp a currency policy that U.S. critics say gives Beijing an unfair trade advantage.
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China has no immediate plans to let the value of its currency rise, despite renewed pressure at a weekend meeting of Group of Seven finance officials, the government said Monday.
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China has turned the tables on the United States, urging Washington to stop the slide of the dollar and restore equilibrium to global currency markets.
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Leaders of major industrialized nations yesterday called on China to let its currency appreciate rapidly, arguing that its current system of manipulating the value of its currency is causing distortions in the world economy.
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The dollar idled near seven-month lows  against the yen on Wednesday as traders considered what  officials from the Group of 20 countries might say about recent  weakness in the U.S. currency at an upcoming meeting.
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Business & money: Â· Undervalued yuan seen as hurting world economy Â· Treasury issues tough warning but will not act
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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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Europe and the United States kept up a war of words over the sliding U.S. dollar at a G20 meeting of rich and developing nations, blaming each other for the currency's fall and avoiding new steps or rhetoric to halt it.
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Europe and the United States kept up a war of words over the sliding US dollar at a G20 meeting of rich and developing nations, blaming each other for the currency&#39;s fall and avoiding new steps or rhetoric to halt it.
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A coalition of US labor unions said China&#39;s policy of setting the value of the yuan is hurting American businesses and asked the Bush administration to file a lawsuit at the World Trade Organization on their behalf.
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Chinese Prime Minister Wen Jiabao has rejected pressure for exchange rate reforms and criticized the United States for not doing its part to keep the dollar from weakening.
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DAVOS, Switzerland  - China has lost faith in the stability of the U.S. dollar and its first priority is to broaden the exchange rate for its currency from the dollar to a more flexible basket of currencies, a top Chinese economist said Wednesday at the World Economic Forum.