China to keep yuan exchange rate basically stable: central bank
BEIJING, Nov. 22 (Xinhua) -- China will keep the exchange rate of the yuan basically stable at an adaptive and balanced level, a central bank official said Friday.
The People's Bank of China (PBOC) will prevent the building of one-sided collective expectations and self-fulfilling in the foreign exchange market, and forestall exchange rate overshooting risks, PBOC official Liu Ye told a press conference.
L