China remains committed to letting market play decisive role in determining exchange rate: central bank

Haber özeti

China remains committed to letting market forces play a decisive role in determining the RMB exchange rate, the country's central bank said on Thursday. The People's Bank of China (PBOC) stressed in a statement outlining its view on the RMB exchange rate that the country adopts a managed floating exchange rate regime based on market supply and demand with reference to a basket of currencies.