At present, there is no basis for large fluctuations and changes.
Large fluctuations will cause a greater impact on economic and financial stability in our country, which is not in line with the fundamental interests of our country. Maintaining the basic stability of the RMB exchange rate at a reasonable and balanced level is an important part of further advancing the reform of the RMB exchange rate formation mechanism.
At present our country gradually balance of imports and exports, in 2009 China’s current-account surplus and the ratio of the has dropped significantly, the People’s Bank of China will continue to be in accordance with the published range of floating exchange rate, the RMB exchange rate floating dynamic management and adjustment, improve the level of regulation, improve management, keep the RMB exchange rate at a reasonable and balanced level basically stable,
We will maintain macroeconomic and financial market stability.
China will actively and effectively implement various macroeconomic policies to promote economic structural adjustment and transform the pattern of development, steadily push forward the reforms, and provide a sound policy environment for the stabilization of the RMB exchange rate.
