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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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