China Financial Daily

Central Bank: RMB exchange rate will maintain the stability
255 basis points: from Nov. 27, the RMB exchange rate against the U.S. dollar in four trading days has continuous decline. A few days ago, the governor of Central Bank, Zhou Xiaochuan also revealed that it would not rule out the possibility of promoting exports by RMB devaluation. Experts expressed that the substantial depreciation of the renminbi is unlikely.

Fan Gang said the slightly decline of RMB is normal
China’s economic reform seminar, vice president and chairman of the China Reform Foundation Fan Gang said that from e January to October this year, the RMB has appreciated 10.4%, and the slight decline in recent days is normal. However, there is some fluctuation, but the RMB trend is basically stable and will continue to rise in long-term.

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