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BEIJING – China’s government will not change its policies towards exchange rate Yuan, although China was currently facing difficult year in maintaining economic growth and development.

In a press conference China’s annual report, Prime Minister (PM) China Wen Jiabao said Beijing is not ready to pull the stimulus enacted in late 2008 to remove China from the crisis

“This will be the most complicated year for the Chinese economy and we will continue to maintain the continuity and stability of macro economic policies of this country,” he said as quoted by AFP, Minggu (14/3/2010)

In addition, Self also warned that Beijing does not yield to foreign pressure to increase the value of its currency and did not allow the United States to intervene too much on the thorny issues of Taiwan and Tibet.

Keep in mind, the Government of China disbursed USD586 billion stimulus package in late 2008 to boost domestic demand as a step to cover the fall of exports as the U.S. and European recession.

Wen said the current government to stay focused to consolidate the restoration of China.

“The economic situation remains complicated, even though the world economy improves, the main problem of global economy has not completely lost,” he said.

Last week U.S. President Barack Obama called on China to be more market oriented through exchange rate policy, which he said would make a significant contribution in maintaining the balance of post-crisis world economy.

But Wen rejected the plea and said the currency could not be blamed for the deficit in foreign trade.

“We oppose the practice of recriminations between countries or even to force another country to set the value of their currency,” he said.