BEIJING — China repeated promises of exchange rate flexibility Wednesday but offered no new measures that might avert a possible vote by the U.S. House of Representatives on currency legislation.
The statement in a central bank report on a quarterly economic meeting reflected currency policy and gave no details of possible changes. It made no mention of demands by some American lawmakers for Beijing to ease currency controls or face possible trade penalties.
China promised a more flexible exchange rate in June when it broke a link between its yuan and the dollar. But the yuan has risen by only about 2 percent since then, fueling demands by American lawmakers for action.
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