China says no currency revaluation soon

Li Yang, a member of the People's Bank of China monetary policy committee, said China will keep the value of its currency, the yuan, stable but gradually allow it to trade in a wider range.

Source: Associated Press

China does not plan to revalue its currency in the near term, despite speculative and political pressure to do so, state media indicated Monday.

China will keep the value of its currency, the yuan, stable but gradually allow it to trade in a wider range, the state-run Economic Daily q