Chinese Premier Wen Jiabao on Sunday rejected foreign pressure for an immediate shift in the nation's currency regime, saying Beijing would set its own timing for reform and warning against what he called undue haste. Learn more from this article (vocabulary)

　　In a speech before Asian and European finance ministers, Wen said China would "independently determine the modality, timing and content of reforms." 　　He was speaking a day after Japanese Finance Minister Sadakazu Tanigaki said it would be in China's interest to move quickly toward a more flexible exchange rate system. 　　China's currency regime keeps the yuan's value fixed in a close range around 8.28 to the dollar.