PBOC chief rejects rate change rumour

The head of the People's Bank of China, Zhou Xiaochuan, denied rumours on Friday that the renminbi will be allowed to appreciate on 18 May.

Asked to clarify the situation, Zhou Xiaochuan, governor of the People's Bank of China, dismissed the speculation.

"Can we take that seriously? Of course not," the Xinhua News Agency quoted Zhou as saying.

Zhou said, "The media report on the expected appreciation of the Chinese currency, Renminbi, RMB, on May 18 is not correct."

"It is foreigners, especiall

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