China's SAFE says there is no basis for continued yuan devaluation

Author: Mike Paterson | Category: News

FX regulator SAFE boss Pan out on the wires

  • will crack down on illegal fx transactions
  • won't go down path of capital controls
  • yuan rate v basket is basically stable
  • Chinese economy is in reasonable range
  • will step up supply-side reforms

A quick word to the masses ahead of the Lunar New Year hols next week

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