China's Wen says progress made on yuan rate

China's Premier Wen Jiabao said on Monday 14 March that the country is working on a plan for a more flexible exchange rate of the renminbi but the specific measures may come at an "unexpected" time.

Speaking on the last day of the annual session of the National People's Congress (NPC), he said in reply to a question: "Work on the exchange rate reform is in progress."

"Our purpose is to make the exchange rate more responsive to supply and demand in the market," Wen told a news conference Monday.

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