China confident of resolving impact from Federal Reserve tightening: forex regulator

CHINA is confident of resolving the impact of monetary policy tightening by the US Federal Reserve and has the basis to do so, the foreign exchange regulator said on Friday.

The regulator will closely monitor the pace of Fed policy adjustments, Wang Chunying, spokeswoman of the State Administration of Foreign Exchange (SAFE), told reporters.

China’s foreign debt is expected to maintain a reasonable and orderly development, while the yuan would keep stable at balanced levels in the second half of this year, Wang added. REUTERS