Economic TimesLean R·
China has no need or intention to weaken yuan for trade edge, central bank says
China's central bank stated it does not intend to depreciate the yuan for competitive trade advantages. It emphasized that the market plays a decisive role in determining exchange rates. The central bank will not set exchange rate targets nor intervene in long-term trends. Starting in 2027, additional foreign exchange data will be reported to the International Monetary Fund.
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