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To: RealMuLan who wrote (17021)	11/28/2004 11:26:12 PM
From: RealMuLan	Read Replies (2) \| Respond to of 116555

China questions slide in US dollar, rejects pressure on the yuan VIENTIANE : Chinese Premier Wen Jiabao indirectly criticised the United States for not taking measures to halt the slide in the dollar while insisting that China would not revalue the yuan under pressure. "You must consider the impact on China's economy and society and also consider the impact on the region and the world," Wen said in Laos late Sunday when asked about pressure to remove the yuan's decade-old peg to the dollar. "China is a responsible country. In 1997, during the financial crisis, we maintained the basic stability of the yuan and made the kind of contribution that we should. "Today on the other hand we have to ask a question. The US dollar is depreciating and it is not managed, what is the reason for that? Shouldn't the relevant parties adopt measures?" ... channelnewsasia.com