Renminbi Exchange Rate

• Premier Wen says China will keep yuan 'basically stable'

Chinese Premier Wen Jiabao reiterated on Sunday that China will stick to a stable yuan and opposes other countries pointing their fingers at its currency policy, despite increasing pressures on yuan appreciation.

Obama calls for yuan appreciation to transfer domestic pressures

US President Obama issued a call to China to embrace a "market oriented" exchange rate for the yuan. The Obama administration is trying to reduce domestic pressures, said Zhiwu Chen, professor of finance at the Yale School of Management.

Ridiculous logic of politicizing Chinese yuan exchange rate

China defended its exchange rate policy, saying the value of its currency, the renminbi (RMB), was not the major cause of the U.S. trade deficit with China.