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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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&#39;s central bank sought on Friday to soothe concerns over its first interest rate hike in nearly a decade, saying it will not have a big impact on the economy or the pegged yuan currency.
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Chinese stocks have been slammed, but that doesn't mean they're done.
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Global financial markets are improving but uneven conditions may persist, and China must allow the value of its yuan currency to rise more rapidly, finance officials from the rich nations said on Friday.
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New calculations by the World Bank suggest China may not be so rich after all, and could deflate arguments for a need to revalue the yuan.
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China&#39;s policy of fixing the value of its currency to the dollar has made government efforts to slow its economy more difficult, the US Treasury Department said in a semi-annual report
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Chinese President Hu Jintao says he plans to loosen the yuan&#39;s decade-old peg to the US dollar, but only under the right conditions.
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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 on the capital account, China's central  bank governor said.
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Chinese banking officials say they will not rush any moves to ease the yuan from its tight peg against the US dollar.
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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.
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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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The world economy is sound, although  financial markets may remain ragged for some time, and China  must let its currency rise faster to rebalance global growth,  finance officials from rich nations said on Friday.
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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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Business & money: Â· Undervalued yuan seen as hurting world economy Â· Treasury issues tough warning but will not act
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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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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.