China's yuan is at an appropriate level currently and two-way fluctuations ...
BEIJING - China’s yuan is at an appropriate level currently and two-way fluctuations in the currency will not necessarily cause disorderly capital flows, a senior official at the People’s Bank of China told Reuters on Tuesday.
Zhu said China was “shocked” by the U.S. Treasury Department’s move last week to label China a currency manipulator, hours after Beijing let the yuan slide past the key 7-per dollar level to its lowest level since the global crisis. But some Chinese advisers and former officials have sounded alarm bells over a possible wider conflict between China and the United States. The year-long trade war between the world’s two largest economies has already spread beyond tit-for-tat tariffs on goods to other areas such as technology and currency.The real aim of the U.S.
“That said, as long as RMB moves in an orderly manner based on market supply and demand, such movements in either direction do not necessarily mean disorderly movement of capital flow,” she said. The yuan is also known as renminbi, or RMB.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Asian shares inch up on China recovery, yuan fixingGains by Chinese equities and the yuan's stronger-than-expected daily fixin...
Lire la suite »
Dow futures higher after China fixes yuan at stronger-than-expected levelMarket focus is largely attuned to simmering trade tensions between the world's two largest economies.
Lire la suite »
China fixes yuan midpoint at 7.0211 on Monday — weaker than 7 for three consecutive sessionsThe People's Bank of China set the official midpoint reference for the yuan at 7.0211 per dollar on Monday — weaker than the previous session.
Lire la suite »
China FX regulator says does not expect disorderly yuan depreciationChina's foreign exchange regulator said on Monday it does not expect disord...
Lire la suite »
China January-July FDI up 7.3% year on year in yuan termsForeign direct investment (FDI) in China rose 7.3% from a year earlier to 533.14...
Lire la suite »
Exclusive: China central bank official says yuan at right level, disorderly capital flows unlikelyChina's yuan is at an appropriate level currently and its fluctuations will...
Lire la suite »