HEADLINE China says again it will keep yuan exchange rate basically stable

HEADLINE

China says again it will keep yuan exchange rate basically stable

Reuters | Reuters

05:49, October 27, 2017

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A China yuan note is seen in this illustration photo May 31, 2017. Photo: REUTERS/Thomas White


China’s foreign exchange regulator reiterated on Thursday that it will keep the yuan exchange rate basically stable and will deepen market-based exchange rate reform.

The State Administration of Foreign Exchange said in a statement on its website that it will also promote capital account convertibility in an orderly way and strengthen the operation and management ability for foreign exchange reserves.


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