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China capable of keeping RMB exchange rate stable: central bank [Copy link] 中文

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Post time 2019-5-24 14:38:27 |Display all floors
This post was edited by appleeater at 2019-5-24 14:38

China has gained much experience in dealing with exchange rate fluctuations and has many policy tools available. China will strengthen macro-prudential regulation and stabilize market expectations, Liu Guoqiang, vice governor of the People's Bank of China, said in an interview.

Given China's sound economic fundamentals, great resilience and huge potential, Liu believes that it is unlikely to see a currency crisis in the country.

"Sound economic fundamentals will continue to bolster the renminbi exchange rate. From international experience, currency crisis hardly happens in big countries. As the world's second largest economy, China has proper macro regulation and effective market mechanism, so there is no basis for a currency crisis," he noted.

China will continue to deepen reforms, add vitality to the economy, strike a balance between ensuring stable growth and preventing risks, promote the opening-up of the financial sector, and optimize the structure of the financial system to ensure the renminbi exchange rate generally stays stable, Liu said.

Source(s): Xinhua News Agency

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Post time 2019-5-24 15:34:38 |Display all floors
Some evil businessmen act as finance-crocodile who try to make economic crisis and get profit from it just as what happened in Asia in 1989.  Our governmet organizations have rich experience dealing with the special case!
Childish pure  mindset can simplify your life which let you live in a light way! Without man-made troubles you will work in high efficiency!

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