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China central bank affirms stable yuan, warns against speculators

Oct 26, 2018

China will be able keep its yuan currency basically stable due to the country’s healthy economic fundamentals and ample foreign exchange reserves, Pan Gongsheng, a vice governor at the People’s Bank of China, said on Friday.

The central bank will adopt macro-prudential measures to stabilize market expectations and take targeted measures to cope with market risks, Pan told a briefing.

“The fundamentals of China’s economy are healthy, the macro leverage ratio is basically stable, and the financial and financial risks are generally controllable,” Pan said.


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