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 Producer:
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Li Meng Designer:
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The yuan could gain 7 percent against the U.S. dollar by the end of 2005.
Retail sales in China rose 17 percent to 240 billion yuan during the week-long May Day holiday.
China will raise the producer price of diesel oil by 150 yuan per ton from Tuesday.
US claims China has now made "sufficient progress" to introduce exchange rate flexibility.
China producer prices rise 5.8 percent on-year in April, up from 5.6 percent in March.
China is technically ready for currency reform, but won't be pushed into it by the US.
Resolving the textile dispute between China and the EU requires efforts by both sides.
The US decision to re-impose quota on the Chinese imports violates WTO agreements.
Central bank: 'Mistakes occurred in the translation' of report that yuan would unpeg.
Seven government departments took further action to control the soaring housing prices.
China's per capita GDP has topped ten thousand yuan, or some 12 hundred US dollars.
