EconomyPBOC reiterates market’s decisive role in RMB exchange-rate formation

China’s central bank said Thursday that it remains committed to letting market forces play a decisive role in setting the RMB exchange rate. It described China’s system as a managed float based on market supply and demand and said the country has no intention of seeking a competitive advantage through currency depreciation.

People's Bank of ChinaRMB exchange ratecurrency policy

CChina News Service★★★☆☆2026-10-09 03:19Original