China says no timetable for yuan move

The US administration has told key senators that it expects China to revalue the yuan in August before President Hu Jintao visits Washington in September, the Financial Times reported on Friday 15 July.

A spokesman for the State Administration of Foreign Exchange, China's currency regulator, restated Beijing's long-held stance that there was no timetable for a possible change in the yuan's peg of near 8.28 per dollar.

A spokesman for the People's Bank of China, the central bank, declined to co