Speaking in Berlin after talks with Angela Merkel, Germany's chancellor, he insisted that Beijing's policy on the renminbi was “orientated towards market needs” and “flexible”.
Mr Wen's defence of China's currency regime followed last week's decision by Tim Geithner, the US Treasury secretary, to break a long-standing taboo and accuse China of manipulating its currency to support exports.
The Chinese premier said that China would keep the renminbi at a “reasonable and balanced level”.
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