China does not plan Yuan devaluation ? Wen Jiabao

BEIJING. March 13. KAZINFORM /Talgat Baimukhambetov/ - The exchange rate of Chinese currency will be decided solely by Beijing and no country in the world has the right to interfere and put pressure upon China to devaluate or appreciate Yuan rate, Chinese Premier Wen Jiabao announced today during the press conference in Beijing after the closing meeting of 11th National People?s Congress.

He reminded that in 2005, when China started the reform of the national currency exchange rate, Yuan appreciated against US dollar by 21%. ?Yuan devaluation does not answer nowadays conditions?, he said. He also added that, China?s foremost target is to prevent exposures keep exchange rate stable