The yuan’s 5.79 per cent depreciation against the US dollar is roughly the same as that against the euro and British pound. Photo: Reuters

China’s central bank keen to avoid ‘irrational panic’ despite economic slowdown, says governor

  • People’s Bank of China governor Yi Gang repeats pledge to maintain the stability of the yuan despite US trade war frictions by monitoring cross-border capital flows
  • Former long-time aide of current Vice-Premier Liu He tells Tsinghua University bank will pay more attention to market interest rates rather than ‘will of officials’
Topic |   China economy

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The yuan’s 5.79 per cent depreciation against the US dollar is roughly the same as that against the euro and British pound. Photo: Reuters
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