China central bank says stable yuan good for world

The People's Bank of China said on Monday 27 October that China will keep the yuan exchange rate stable, as the fixed currency policy is good for its economy as well that of Asia and the rest of the world.

Source: Reuters

China will keep the yuan exchange rate stable, saying the fixed currency policy is good for its economy as well that of Asia and the rest of the world, the central bank said on Monday.

A stable yuan "is beneficial to China's economic operation, and also is in line with the dema