3/14/2010-Chinese Premier Wen Jiabao has rejected criticism that China is keeping the yuan undervalued in order to boost exports.
He said keeping the yuan stable was "an important contribution" to global recovery from the economic downturn.
Mr Wen also said that recent strains in ties with the US were Washington's fault, citing arms sales to Taiwan and a White House visit by the Dalai Lama.
Speaking to reporters in Beijing, Mr Wen denied that the yuan, also known as the renminbi, was undervalued.
US legislators and trade groups have claimed that the yuan is kept as much as 40% lower than what its value should be against the US dollar.