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Highlights economists' speculation about the impact of a revalued Chinese yuan. Pressure on China to revalue the yuan from its fixed peg to the U.S. dollar; Demand of the finance ministers of the Group of Seven leading industrialized countries that take vigorous action to address global imbalances; U.S. government's call for a free-floating yuan and its potential downside for the U.S. as China's largest export market.

Focuses on speculations about the revaluation of the Chinese Rminbi currency as of February 2004. Calls by the Group of Seven industrialized nations for countries to support greater flexibility in exchange rate policies; Anonymous speculations on newspaper reports on when the central bank will revalue the currency; Deterioration of the business environment for Chinese companies is deteriorating; Contention of China that its economy and the banking system could not withstand a sudden change in currency policy.

Discusses the regulations implemented by the People's Bank of China with regard to the use of Renminbi as money. Standardization of the use of Renminbi in China; Problems addressed by Renminbi; Imposition of a ban on black market trading of Renminbi.