Home Business China International Culture��Edu Sci��Tech Sports Life Travel P hotos ��Search China Observer �� Why are Chinese disinclined to show wealth? �� Rapid growth in China's foreign reserves is rational �� RMB Appreciation to create its own bubble? Photos �� Dolls for Valentine's Day are hot early �� Water lilies in Baiyangdian �� 100 pieces of carat weight diamonds on touring sale ��Home>>Business Chinese minister to attend G7 to discuss the RMB www.chinanews.cn 2005-01-28 12:34:19 Chinanews, Jan. 27th - Mr. Zhu Guangyao, director of the Department of International Affairs, China's Ministry of Finance, said that the Minister of Finance Mr. Jin Renqing, would attend the Group of Seven (G7) finance ministers' meeting in London at the beginning of next month, and conduct in-depth discussions with foreign countries about issues related to the RMB exchange rate. Traders' expectation of a RMB appreciation is increasing. Since 1995, China has fixed the RMB exchange rate at 8.28:1 against the U.S. dollar. Since September 2003, G7 has been calling upon China to strengthen the flexibility of the RMB. China stated that the Chinese government would move toward reforming the RMB exchange rate, but has not announced any schedule or timetable. ��Wrong timing for adjusting the RMB (2005-01-27) ��RMB Appreciation to create its own bubble? (2005-01-20) ��RMB valuation trend:no timetable set for next year (2004-12-24) ��SIC report: RMB exchange rate will remain stable next year (2004-12-21) E-mail: zhangqinghua@chinanews.com.cn Tel: 8610-88387443 Fax: 8610-68327649 Copyright� 2004 Chinanews.com. All rights reserved. Reproduction in whole or in part without permission is prohibited. Disclaimer: viewpoints in the website do not represent China News Service Learn Chinese, Chinese Mandarin