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

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.

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