中文字幕无码久久人妻_中国无码a一级刺激片_国产综合色产在线观看_色多黄片资源2020

China able to ensure stability of yuan: central bank

Source: Xinhua| 2018-10-26 19:35:14|Editor: Yurou
Video PlayerClose

BEIJING, Oct. 26 (Xinhua) -- China's central bank official said Friday that the country has the foundation, capability and confidence to keep the yuan's exchange rate basically stable at a reasonable and balanced level.

Pan Gongsheng, deputy head of the People's Bank of China, attributed recent fluctuations of the yuan's exchange rate to factors including the U.S. Federal Reserve interest rate hike, a stronger U.S. dollar, international financial market volatility and trade frictions.

The yuan has remained relatively stable compared with other emerging market currencies and China will adopt macro-prudential measures to stabilize market expectations, Pan told a press conference.

The country's sound economic fundamentals, stable macro leverage ratio, controllable financial risks, balanced international payment and sufficient foreign exchange reserves will keep the yuan basically stable, he said.

Pan reiterated that China will not engage in competitive currency devaluation or use the exchange rate of the yuan as a tool to address external disturbances such as trade frictions.

He said the China-U.S. trade frictions had a controllable impact on China's forex market and cross-border capital flows.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001375608031