According to two unnamed officials, the International Monetary Fund regards Chinese currency as considerably undervalued. The IMF is determined to make the country appreciate yuan that has gained 0.7% since its peg to the greenback was ended on June 19. United States, Germany, France and Britain share the opinion of the organization.

Meanwhile, Chinese monetary authorities have made several statements on this point. Hu Xiaolian, a respected deputy governor of the People's Bank of China, explained in her third speech on Monday why more flexible yuan that’s against the interest of the country’s exporters is important for China citing the necessity of easing inflationary pressure and making the monetary policy more effective.   

The full IMF analysis will be to be released in September if China doesn’t revoke its permission for that.