Timeline of China's exchange reforms            

 * July 21, 2005 China abandoned a decade-old peg to the U.S. dollar by allowing its currency to fluctuate against a basket of currencies.

 * September 2008 China suspended the reforms in a bid to fight the global downturn.

 * June 19, 2010 The People's Bank of China (PBOC) announced further yuan exchange rate formation mechanisms.

 * July 21, 2011 The renminbi (RMB)  set a new high to a ratio of 6.4536 yuan per U.S. dollar. It indicates a 22-percent increase after exchange reforms were launched.

Yuan hits new high after six-year exchange reforms

China's GDP growth slows to 9.5% in Q2

China's CPI rises 5.4% in H1

China's retail sales of consumer goods up 16.8% in H1

China's fixed asset investment up 25.6% in H1

China power generation up 13.5% in H1

China's FDI up 18.4% in H1

 *China's economy on track for gradual slowdown in H2 as gov't reiterates policy stance 

* China should maintain prudent monetary policy, proactive fiscal measures: report

 * SAFE reiterates no direct forex loss on yuan's rise

 * China says stronger yuan does not hurt forex reserves

 * China to continue exchange rate reform amid rise in production costs: PBOC official

 * SAFE underscores stance on hot money

 * Central bank allows yuan-based FDI but warns of speculative capital influx

 * China's central bank pumps less liquidity into market as funds flow into country

  *China hikes bank reserve ratio for 6th time this year to battle inflation

 * China's foreign exchange reserves to expand at slower pace

 * Yuan at balanced level, drastic appreciation unnecessary: economist

 * China moving ahead steadily in forex management

 * U.S. says China not currency manipulator

 * Experts say stronger yuan mainly due to dollar depreciation, warn of "hot money" influx *

 * QE2' s end unlikely to ease China's inflation: economists

 * China will put the brakes on its economic bullet train

 * Taming inflation, China's major priority

 * China continues to be "bright spot" in global economy: IMF