PBOC says China has never deliberately devalued yuan for trade advantage, sets no target level

The People's Bank of China released a statement on yuan policy, saying Beijing has never deliberately devalued the yuan to gain a trade advantage, keeps the market as the main influencer in the exchange rate, sets no preset target level, and calls blaming the currency for global economic imbalances a "de facto political maneuver."

Detected & updated continuously · Source: Nebula