China
BEIJING: China has no intention of devaluing its currency, the yuan, to boost its competitiveness, said the head of the country’s foreign exchange regulator.
There is also no necessity for China to devalue its currency, Pan Gongsheng, head of the State Administration of Foreign Exchange, wrote in state magazine Qiu Shi.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
