China to keep yuan flexible, forestall risks of external shocks By Reuters
© Reuters. FILE PHOTO: Yuan banknotes are seen in this illustrative photograph taken in Beijing July 26, 2010. REUTERS/Jason Lee
SHANGHAI (Reuters) – China’s foreign exchange regulator said on Friday it would continue to maintain flexibility in the yuan’s exchange rate and actively prevent and defuse risks from external shocks.
The State Administration of Foreign Exchange (SAFE) also said it would maintain proper and orderly cross-border investment, and strengthen macroprudential management of capital flows.
The regulator said it expects a reasonable current account surplus in 2022, according to a statement on its website.
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