China will not devalue renminbi to spur exports: central bank chief

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AFP
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ID: 
1552208585238586100
Sun, 2019-03-10 07:33

BEIJING: China has gone to great lengths to support its currency and would not devalue the renminbi to spur exports or combat trade frictions, the governor of the central bank said Sunday.
Speaking on the sidelines of China’s annual parliamentary session, Yi Gang said Washington and Beijing had discussed exchange rates in recent trade talks and reached a consensus on many “crucial” issues.

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