China to reduce intervention in forex
By Li Jiabao and Jiang Xueqing (chinadaily.com.cn) Updated: 2014-07-10 14:16China will reduce intervention in the foreign exchange market step by step as it pushes for foreign exchange reform gradually, said Zhou Xiaochuan, China's central bank governor, at the US-China Strategic and Economic Dialogue on Thursday.
But the central bank still remains cautious and will intervene in case of big market fluctuation. If the market remains quiet, the central bank will accelerate the reform process, he said.
|
 |
 |
|
Chinese finance minister says currency intervention necessary |
Foreign companies yet to tap full potential of renminbi in trade |
- Top international luxury brand expo opens in Beijing
- Woman sells Beijing house, buys six properties in US
- Green finance needs government intervention: experts
- China signs $1.6b engineering deal for Siberian LNG project
- Fonterra joins Abbott to plan third dairy hub in China
- Lufthansa sees full Air China joint venture not before 2016
- Bigger govt role needed in green finance
- BIT to re-anchor US-China economic relationship
Hot Topics
Editor's Picks
