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By Alessandro Torello and Matthew Dalton

Of DOW JONES NEWSWIRES


BRUSSELS (Dow Jones)--The lack of China\'s currency appreciation, along with a fall in the value of other major currencies versus the euro, might hurt economic recovery in the euro area, said European Commissioner for Economic Affairs Olli Rehn Tuesday, urging China to let the renminbi revaluate.

If the euro continues to bear a disproportionate burden in the adjustment of global exchange rates, the recovery of the euro-area economy might be weakened, Rehn said during a press conference after meeting China\'s Prime Minister Wen Jiabao with European Central Bank President Jean-Claude Trichet and Jean-Claude Juncker, the head of the 16-nation group of countries that use the euro.

Euro-zone leaders called on China to allow its currency to rise more against the currencies of its major trading partners.

Trichet welcomed earlier decisions by the Chinese government to allow the renminbi to appreciate. We noted that the evolution in terms of the effective exchange rate were not exactly what we would have hoped ourselves, he said.

Rehn added that China\'s commitment to a flexible exchange rate regime was confirmed.


-By Alessandro Torello and Matthew Dalton, Dow Jones Newswires; [phone]; [e-mail]