Yuan on agenda as China and US meet for economic talks
In Beijing, the world's two biggest economies, the US and China, are holding their annual economic dialogue.
It meet has been overshadowed by the treatment of blind activist Chen Guangcheng and other security issues.
Nevertheless, economic topics are on the agenda, with the US again raising the issue of the yuan's valuation.
US policymakers have urged China to allow the currency to appreciate. They have often accused Beijing to keeping the value of its currency artificially low to keep Chinese goods cheap and give the country's exporters an unfair advantage.
Pu Yonghao, regional chief investment officer at UBS Wealth Management in Hong Kong, told the BBC's Sharanjit Leyl, that the revaluation was already happening.