Beijiing to maintain exchange rate policy framework
Decision is based on currency supply and demand and the yuan's strength
Beijing
CHINA will stick with its current exchange rate policy framework and policy for managing capital flows, based on currency supply and demand and the yuan's value against a basket of currencies, a deputy governor of the People's Bank of China said on Monday.
China has kept the yuan basically stable at a reasonable and balanced level, deputy governor Yi Gang told reporters on the sidelines of the annual meeting of parliament.
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