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Central bank governor meets press: Highlights

chinadaily.com.cn | Updated: 2019-03-10 11:02
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Yi Gang at a news conference in Beijing, Sunday, March 10, 2019. [Photo by Feng Yongbin / chinadaily.com.cn]

China will not use exchange rate as tool to facilitate exports

China and the United States have reached consensus on "many key and important aspects" of the currency exchange rate, including respecting both sides' autonomy over monetary policies, and adhering to the market-determined exchange rate system.

China will not use the exchange rate as a tool to facilitate exports or tackle its trade disputes with the US.

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