Facebook Twitter 新浪微博 Instagram YouTube Saturday, Mar. 12, 2016
English>>Special Coverage >> 2016 NPC&CPPCC

China Central Bank: there is no need for the US- dollar-rush

(People's Daily Online)    13:51, March 12, 2016
China Central Bank: there is no need for the US- dollar-rush
Zhou Xiaochuan at the press conference. (Photo/Xinhua)

BEIJING, March 12 (People's Daily) –"There is no need at all to rush to buy U.S. dollars," the Governor of the People's Bank of China Zhou Xiaochuan said on Saturday.

Zhou made the remarks at a press conference on the sidelines of the country's ongoing annual parliamentary session.

He stressed that the Chinese currency Renminbi has started to return to its normal and reasonable level after volatility, and the trend will continue.

Zhou attributed the previous depreciation to concerns on a slowing Chinese economy and market jitters caused by easing policies from Europe and Japan.

“There is no basis for continued weakness of the Renminbi and China will not seek to boost exports through competitive devaluation,” he added.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Yao Xinyu,Bianji)

Add your comment

Related reading

We Recommend

Most Viewed


Key Words