China's Premier rules out sudden yuan move

China's Premier Wen Jiabao has ruled out a sudden revaluation of the yuan, telling parliament that the country will let the market determine currency rates.

``There won't be one-off administrative appreciation or depreciation anymore, or things that would surprise people,'' Wen said at a press conference in Beijing on Tuesday 13 March at the close of the Chinese parliament's annual meeting.

He said China would expand its currency market and allow the yuan to fluctuate.

``I would like to note th

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