China's fin min cautions on yuan moves

Chinese Finance Minister Jin Renqing on Thursday 13 October rejected demands by the US for faster currency reform, saying China will liberalize the exchange rate in its own time and in line with its own interests.

Jin was speaking ahead of a meeting of finance ministers and central bank governors from the G20 to be attended by US Treasury Secretary John Snow.

"Using revaluation of the renminbi to resolve global imbalances, particularly the imbalances of certain countries, is impossible and also