Devaluation of yuan 'not on agenda'

As China prepares to host a meeting of G20 central bankers and finance ministers in Shanghai, a proposal to devalue the yuan is only "media hype", said Finance Minister Lou Jiwei.

"There isn't such an item on the agenda," Lou said.

China has "no interest whatsoever" in the rumored proposal by international bankers, noted Beijing-based private-sector consulting firm Anbang.