From the chinese press

Raise yuan at the right time

The yuan should be revaluated not because other countries demand it but because China's economy needs it. Only by raising its value at the right time can the government liberalize the yuan, says an article on Caing.com. Excerpts:

Some countries, especially the US, are adopting protectionist trade measures to pressure China into revaluating its currency. Such actions could slacken the pace of China's economic development.