China never yields to outside pressure on yuan

“BEIJING, May 16 (Xinhuanet) — Reform of RMB exchange rate system is matter of China’s sovereignty and any pressure and speculative exploitation of the issue or any attempt to turn the economic issue into a political one will not be conducive to resolving it, Chinese Premier Wen Jiabao said during his meeting with guests from the US Chamber of Commerce Monday.”

China is completely ROFL.

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