Steel_Steel products_The price of steel_Langesteel

Chinese yuan to remain stable: PBOC deputy governor2021/6/11 9:05:38(Beijing Time) Lange Steel

The exchange rate of the Chinese currency renminbi, or the yuan, is expected to remain stable, with two-way fluctuations becoming normal, said Pan Gongsheng, deputy governor of the People's Bank of China (PBOC) Thursday.

The stability of the yuan's exchange rate is better than other currencies, and transactions in China's foreign exchange (forex) market have been rational and orderly, Pan said at the Lujiazui Forum in Shanghai.

Pan said that China's sustained economic recovery has contributed to the generally stable yuan.

The change in the exchange rate of the yuan is subject to multiple factors at home and abroad, Pan said. He added that China's consolidated growth momentum, normalized monetary policies, and a more mature forex market have helped underpin the yuan's stable exchange rate.

Pan also cautioned that uncertainties in the world, including uneven global recovery, rising inflation pressure, and a fragile financial market, might affect exchange rates in the future.

Stressing the importance for enterprises to cope with two-way fluctuations, Pan urged market entities to adapt to it, arrange their currency structure prudently, and refrain from currency speculation.

To help firms lower risks from exchange rate fluctuations, China will establish an open and competitive forex market, improve market transparency, and strengthen prudent macro-management, Pan said.

  • Lange Singapore Business Trip ..

    To build The Belt and Road \"iron and steel industry business cooperation platform, Lange steel network organized a series of international busin.....

  • TUBE, WIRE, METAL AND WELDING ..

    TEKNO is a biannual trade show covering the industries of TUBE, WIRE AND CABLE, WELDING AND CUTTING and METAL and is the best professional trade show .....

  • Lange Belt and Road Initiative..

    Lange Belt and Road Initiative Business Trip to Russia will hold on 6-10th June, 2017. At present, countries in Asia and Europe are at a critical s.....

  • ECIC and ICSTI 2021..

    8th European Coke and Ironmaking Congress& 9th ICSTI International Conference on Science and Technology ofIronmakingDates: 10/4/2021 - 10/8/2021Ve..

    2021-04-22
  • The 8th International Conferen..

    The 8th International Conference on HighStrength Low Alloy Steels (HSLA Steels 2021) - Advanced Steels &Metallurgical Processing will be held in X..

    2021-04-22
  • 2021 Guangzhou International M..

    Governed By: Ministry of Commerce of the People'sRepublic of China Department of Foreign Trade Approved By: ..

    2020-12-10