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China's forex market to remain stable on solid economic fundamentals: official
China's central bank official said Sunday that the country's foreign exchange market and the exchange rate of Chinese currency renminbi, or yuan, would remain stable due to sound economic fundamentals. The sound and healthy operation of the Chinese economy and finance has been providing solid support for the forex market and the yuan to keep stable at a reasonable level, Pan Gongsheng, deputy head of the People's Bank of China said in an interview with Financial News, a publication run by the central bank. Currently, China's economy has been operating generally stable as major indicators were kept in a reasonable ... (full story)