China's c.bank has ample tools to keep the yuan stable - state media


Reuters | Shanghai | Updated: 14-09-2023 10:52 IST | Created: 14-09-2023 10:50 IST
China's c.bank has ample tools to keep the yuan stable - state media
Representative Image Image Credit: ANI
  • Country:
  • China

China's central bank has ample tools to manage the currency and has the ability and confidence to keep the yuan exchange rate basically stable, state-owned media said on Thursday.

Financial News, a publication run by the People's Bank of China, said the central bank will correct one-sided activities and deal with behavior that could disrupt market orders, according to a commentary published on its official WeChat account.

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

Give Feedback