PBOC deputy says China to continue yuan reform

China plans further measures to reform the exchange rate, the official Financial News reported, citing Li Ruogu, deputy governor of the People's Bank of China, the country's central bank.

"A perfect renminbi exchange rate mechanism, while keeping the renminbi (yuan) basically stable at a rational and balanced level, is the direction and goal of exchange rate reform," Li Ruogu was quoted by the Financial News as saying.

"We have already made a lot of fundamental preparations and achieved active

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