Jiang Yu: China insists the reform direction of RMB exchange rate formation mechanism is unchanged

China News agency, Beijing, April 6 (Xinhua) Chinese Foreign Ministry spokeswoman Jiang Yu said at a regular press conference 6th that China's continued adherence to the reform of the RMB exchange rate regime remains unchanged in the reform of the renminbi exchange rate.　　China will continue to adhere to the principles of initiative, controllability and Gradualism, and perfect a managed floating exchange rate system. In response to reporters about the U.S. postponement of the decision on whether to list China as a "currency manipulator", Jiang pointed out that the renminbi exchange rate is not the main cause of the Sino-US trade deficit, the appreciation of the renminbi is not a solution to the imbalance between China and the US.　　China has never used the so-called manipulating exchange rate to profit from international trade, and hopes that the relevant parties in the United States can objectively and rationally look at the issue. She said that China has always advocated an effective solution to the trade frictions between China and the United States through frank dialogue and pragmatic negotiations. Finish)