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PBOC chief opens up on economy

BT highlights parts of Zhou Xiaochuan's interview on China's economy, exchange rate strategy, macro-prudential policy and digital currencies

Mr Zhou says the overall trend is for RMB to gradually move towards stability through stages of adjustments and fluctuations, which is a dynamic feature of the system that objectively exists.

THIS year's market panic was caused in part by concern over China's central bank allowing a sharp depreciation of the Chinese yuan as China's economy slows. Capital outflows accelerated and foreign reserves fell by hundreds of billions of dollars.

In a rare interview published last...

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