China takes firm steps to prevent exchange rate overshooting: central bank governor

SHANGHAI, June 19 (Xinhua) -- China has taken firm steps to prevent the risks of exchange rate overshooting, said Pan Gongsheng, governor of the People's Bank of China, on Wednesday.

The RMB exchange rate has remained basically stable in complicated circumstances, Pan said at the 15th Lujiazui Forum held in Shanghai.

Entering this year, the major advanced economies have postponed, yet again, their monetar