China regards the reform of the exchange rate of RMB as an issue of sovereignty, and will never yield to any external pressure to change it, Premier Wen Jiabao said Monday.

Any pressure on and speculative uproar about changes of RMB exchange rate, or any attempt to turn the economic issue into a political one will not be conducive to resolution of the issue, he said.

Wen made the remark during his meeting with a delegation from the US Chamber of Commerce in Beijing.

"The Chinese government has a very definite, explicit attitude on the issue," Wen said.

As long as conditions ripe, he acknowledged, the Chinese government will take the initiative to advance the reform of the exchange rate reform without any pressure from outside the country.

On the contrary, Wen said, if conditions are not available, the Chinese government will never hastily take any action, regardless of how great the pressure from outside is.

Since the reform of RMB exchange rate is an issue concerning China's sovereignty, China, as well as every other nation, has the absolute right to choose the exchange rate systems and appropriate levels of the exchange rate that fit into the concrete conditions of the country.

China will abide by the rules of market economy to advance reform of its exchange rate system, but will never yield to any external pressure, the Chinese premier said.

Source: Xinhua