PBoC's Zhou dismisses talk of renminbi devaluation ahead of G20 meetings
Chinese governor expects capital outflows to subside
People's Bank of China (PBoC) governor Zhou Xiaochuan has sought to allay fears of a renminbi devaluation, suggesting China's economy has strong fundamentals and little to gain from a weaker currency.
His comments came in a rare press conference at the PBoC's Beijing headquarters yesterday, ahead of the G20 meetings in Shanghai, beginning today (February 26).
High on the agenda will be stock market volatility in China, which has contributed to global markets' worst annual start since the 1930s.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- ECB says iPhone is currently incompatible with digital euro
- Supervisors grapple with the smaller bank dilemma
- ‘Do I die, or do I survive?’ Officials reflect on Basel III complexity