China vows to prevent sharp fluctuations in yuan: c.bank deputy governor

China's cross-border capital flows are basically balanced and the country will prevent sharp fluctuations in yuan, Liu Guoqiang, deputy governor of the People's Bank of China, said during a press conference in Beijing on Friday.

Liu said it is not good to see a too high or too low yuan exchange rate and the moves will not be one way.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)