After stronger-than-expected 46 percent year-on-year growth in exports during February, Chinese Premier Wen Jiabao dampened speculation that the Chinese currency will appreciate.
Wen Jiabao told the domestic and foreign press that China opposes any coercion to push its currency to appreciate, and intends to resolve the exchange rate issue through negotiation.
China's central bank governor Zhou Xiaochuan said that China is adopting an exchange rate regime according to its own conditions, and it is in line with concepts and rules of the IMF. Politicizing the issue won't help solve the problem.
Vice governor of the central bank, Su Ning said on March the 12th, that the appreciation of the yuan wouldn't help address the US trade deficit. One country should not rely on another country to solve its own problem.