Forex reserves adequate to maintain financial stability: PBOC
By Wang Yanfei | chinadaily.com.cn | Updated: 2017-03-10 12:20
The current $3 trillion foreign exchange reserves level is adequate for China to maintain financial stability, Zhou Xiaochuan, central bank governor, said on Friday.
Zhou said a decline in forex reserves is not a bad thing.
Yi Gang, vice-governor of the bank, said using forex reserves to stabilize the currency's exchange rate does more good than harm.
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