China pledges efforts to maintain stable RMB exchange rate

BEIJING, Jan. 13 (Xinhua) -- China will unswervingly keep the RMB exchange rate basically stable at a reasonable and balanced level, according to a meeting.

The People's Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) will continue to take comprehensive measures to stabilize expectations, enhance resilience and strengthen management of the foreign exchange market, the recent China Fo