SAWT BEIRUT INTERNATIONAL

| 6 October 2022, Thursday |

China to maintain yuan flexibility, prevent risks from external shocks

China’s foreign exchange regulator said on Friday that it will maintain the yuan’s exchange rate flexibility and actively prevent and defuse risks from external shocks.

The State Administration of Foreign Exchange (SAFE) also stated that it will maintain appropriate and orderly cross-border investment and will strengthen macroprudential management of capital flows.

According to a statement on the regulator’s website, it expects a reasonable current account surplus in 2022.

    Source:
  • Reuters