The US Treasury Department's latest monitoring list on Wednesday meets the international consensus that China should not be on the list, Ministry of Foreign Affairs spokesman Lu Kang said Thursday at a regular press conference.

MFA spokesperson Lu Kang. (Photo: MFA)

China has repeatedly reiterated that it will not engage in competitive devaluation and will not use the RMB exchange rate as a tool to deal with external disturbances such as trade disputes, he said.

China will unswervingly deepen market-oriented reforms of the exchange rate and continue to improve a floating exchange rate system based on market forces. At the same time, we also hope that the United States can respect market rules, respect facts and not politicize the exchange rate issue, Lu said.