Related: China appreciates US report saying China not manipulating currency

    WASHINGTON, May 10 (Xinhua) -- The U.S. Treasury Department said on Wednesday that China was not a currency manipulator but pledged to "actively and frankly" push China toward faster exchange-rate flexibility.

    In a delayed report to the U.S. Congress on its trade partners' currency practices, the department announced it would not brand China as a country that was manipulating its currency to gain unfair trade advantages.

    The U.S. government is required to report every six months to the U.S. Congress and cite any countries that the United States believes are manipulating their currencies for trade purposes.

    The current report was delayed from its deadline of April 15.

    While the Bush administration has been pressuring China to allow its currency to rise in value against the U.S. dollar in the two years, the U.S. government has not designated China as a currency manipulator, a process that would trigger consultations between the two nations. Enditem

No more unexpected changes of RMB exchange rates: Wen    2006-03-14 12:22:57

    BEIJING, March 14 (Xinhuanet) -- China will introduce no more unexpected changes in reforming the exchange rate of its currency, the RMB yuan, Chinese Premier Wen Jiabao announced here on Tuesday.  Full story

Central bank pledges to make yuan more flexible   2006-03-24 00:05:14

    BEIJING, March 23 (Xinhua) -- China's central bank on Thursday said it would increase the "floating flexibility" of yuan, also known as renminbi or RMB, while keeping it basically stable at a reasonable equilibrium.  Full story

China relaxes foreign exchange control    2006-04-14 06:55:56

    BEIJING, April 13 (Xinhua) -- China's central bank announced on Thursday the relaxation of controls on foreign exchange accounts, simplifying approval procedures for foreign exchange payments in the service trade, and procedures for individuals to buy foreign currencies.  Full story

Top banker says yuan could rise a bit more quickly  2006-04-24 10:01:47

    BEIJING, April 24 -- THE head of China's central bank said Saturday reforms the Chinese Government has put in place mean its currency can "probably" begin to appreciate a bit more quickly, but gradualism is still the guiding philosophy. Full story

China: no further one-off revaluation as yuan hits record high 2006-04-09 22:20:41

    BEIJING, March 28 (Xinhua) -- A central bank spokesman has reiterated China's currency, the yuan, will not have another one-off revaluation as U.S. Commerce Secretary Carlos Gutierrez is in Beijing for talks with Chinese officials on currency and other economic issues. Full story

Gradual move of Chinese currency good for world economy: ADB chief 2006-04-09 22:20:41

    VIENNA, April 9 (Xinhua) -- Asian Development Bank President Haruhiko Kuroda said here on Sunday that the pace of the adjustment of Chinese yuan should be decided by the Chinese authorities themselves. Full story