PBOC pledges continued improvement on ex rate

The People's Bank of China disclosed the macro-control goals for its monetary policy in 2006 on Thursday 5 January. China's SAFE also revealed plans "to actively explore ways of investing foreign exchange more efficiently".

The working conference of the PBC held Thursday in Nanchang, capital of Jiangxi Province, said that to realize the goals for the monetary policy in 2006, the central bank will enhance monitoring of economic and financial operations and increase the effectiveness of the mone

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