China vows to keep exchange rate stable

CHINA - According to a news release issued by the People's Bank of China on Tuesday, the central bank's Monetary Policy Committee unanimously agreed at a recent meeting that the exchange rate of renminbi should be kept stable in the near term.

The meeting believed that in the first half of this year, the national economy maintained rapid growth and domestic demand kept improving. The central bank continued to pursue a sound monetary policy and, while taking solid measures to guard against and