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Sharp yuan rise ruled out

Forex regulator rules out sharp yuan rise

BEIJING, March. 7 -- A sharp appreciation of China's yuan was unlikely and the currency would be kept in a small range as the country gradually implemented a more flexible exchange rate, China's foreign exchange chief said Saturday.

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·	Yuan not lowered artificially: forex chief
	China did not lower the yuan artificially to pursue its own interests, the country's foreign exchange chief Guo Shuqing said here Monday. The
·	Forex regulator rules out sharp yuan rise
	A sharp appreciation of China's yuan was unlikely and the currency would be kept in a small range as the country gradually implemented a more flexible exchange rate,
·	Govt vows to keep yuan "basically stable"
	Chinese Premier Wen Jiabao reiterated here Saturday the renminbi exchange rate would be kept "basically stable" at a rational equilibrium in 2005. "
·	Market makers sought to ease bank pressure
	China would introduce market makers into its foreign exchange market this year to help relieve pressure on the central bank, central bank officials said Thursday. ¨
·	Central bank spends more keeping yuan stable
	China's central bank said Tuesday it spent 1.61 trillion yuan (US$195 billion) buying foreign currency last year to maintain the yuan peg against the U.S. dollar, a rise of
·	Central bank: growth of yuan savings deposits slows in 2004
	The People's Bank of China, the country's central bank, said in a report Thursday the overall growth of renminbi-denominated savings deposits slowed last year.
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	China's foreign exchange regulator has unveiled steps to curb short-term debt incurred by importers, the latest step to relieve upward pressure on the yuan. Importers
·	Top banker vows to keep yuan stable
	Chinese central bank governor Zhou Xiaochuan had pledged to promote fast and balanced economic growth this year while keeping the yuan currency stable, the Financial News said
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