Central Bank called Yuan to resume appreciation....

This news is brought to you by HuSh NewS. In the review the central bank called yuan to resume the gradual appreciation as it helps in maintaining the balance of payment.Two new advisers to the central bank called for the yuan to resume its gradual appreciation, but they were slapped down by Commerce Minister Chen Deming, who said a stronger currency would not wipe out China's trade surplus with the United States.

"It has been proved both in theory and practice that the appreciation of a nation's currency provides little help for improving the balance of payments," Chen said in a detailed defense of China's trade policy.

The clock is ticking down toward an April 15 ruling by the U.S. Treasury on whether China is deliberately manipulating its currency to keep its exports competitive and gain an unfair advantage in global markets.

Separately, U.S. lawmakers have said they will introduce legislation to impose tariffs on Chinese goods unless Beijing allows the yuan to climb.