Central Bank Vice Governor Zou Lan: China does not seek to gain international competitive advantage through exchange rate depreciation
2025-07-14 07:37:54
On July 14, Zou Lan, deputy governor of the central bank, said that China does not seek to gain an international competitive advantage through exchange rate depreciation, and the People's Bank of China's exchange rate policy stance is clear and consistent. It will continue to adhere to the decisive role of the market in the formation of the exchange rate, maintain exchange rate flexibility, and at the same time strengthen the guidance of expectations to prevent the risk of exchange rate overshoot and keep the RMB exchange rate basically stable at a reasonable and balanced level.
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