China will unswervingly push forward the reform of the exchange rate system of the Chinese currency, Chinese Premier Wen Jiabao said Monday.

During his meeting with a delegation from the US Chamber of Commerce, Wen said the implementation of the reform of the RMB exchange rate system is a necessary requirement for the establishment of the socialist market economy and constitutes a major component of China's reform of its financial sector.

It is China's "consistent" policy to carry out the reform, he said.

Wen stated the basic stance of the Chinese government on the issue for "the recent international attention to the exchange rate of the Chinese currency," he told the guests.

Source: Xinhua