Speculation makes yuan shift difficult says China

China's Finance Minister Jin Renqing said excessive speculation that the yuan will be allowed to appreciate is making it harder for the government to loosen the currency's peg to the US dollar.

``When there's too much speculation, this makes it difficult to implement reform of the exchange-rate regime,'' he said at a press briefing in Istanbul, following a meeting with other Asian finance ministers.

China's government, which has made maintaining stability and economic growth its top priority,