Saturday, December 16, 2017

© Reuters. FILE PHOTO: Illustration photo of a China yuan note© Reuters. FILE PHOTO: Illustration photo of a China yuan note

BEIJING (Reuters) – China’s foreign exchange regulator reiterated on Thursday that it will keep the yuan exchange rate basically stable and will deepen market-based exchange rate reform.

The State Administration of Foreign Exchange said in a statement on its website that it will also promote capital account convertibility in an orderly way and strengthen the operation and management ability for foreign exchange reserves.

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