Experts: RMB may stay flat

The renminbi may continue to be flat despite the possible increased pressure on China to appreciate its currency faster ahead of Saturday's G20 summit in Washington, analysts said. It may even depreciate at certain points as the dollar strengthens and China's domestic economic outlook worsens.

They stressed that China's economic priorities mean that it cannot accept Western demands to speed up renminbi appreciation, as such a move would batter exporters who have already taken a beating from the global financial crisis.

The upcoming G20 financial summit, which will bring together the world's major developed and developing economies, is aimed at reforming the international financial regulatory system.