China will use a variety of tools, including interest rates, to stabilize growth and keep the world's fourth-largest economy on an even keel, the central bank said on Sunday.

The yuan breached the closely watched 7.0 mark versus the dollar on Monday after the central bank fixed its reference rate at a post-revaluation high and the government reported higher-than-expected consumer price inflation for April.

Chinese exporters are starting to ask European customers to pay in euros, The New York Times reports.

China should keep the yuan fairly stable to anchor expectations about the currency's rate of climb, a prominent economist said in remarks published on Monday, adding to a growing tide of calls for it to rise more slowly.

China reaffirmed its commitment on Wednesday to regular high-level talks with the United States that visiting Treasury Secretary Henry Paulson hopes will help to pry open Chinese markets and speed the yuan's rise.