Comments
China will continue to proceed with reforms to bring about a market-based yuan currency mechanism this year, the China Foreign Exchange Trade System (CFETS) said on Thursday.
The yuan was stable against a basket of other currencies in 2015, CFETS said in a statement published on its Web site.
It added that China has ample foreign exchange reserves, while there is no basis for the yuan’s continuous depreciation. Economic fundamentals will support the yuan in the long term.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.