China says it will keep yuan exchange rate basically stable

© Reuters. FILE PHOTO: Illustration photo of a China-yuan-stars

BEIJING (Reuters) — China’s foreign exchange regulator reiterated on Thursday that it will keep the yuan exchange rates basically stable and a deepening of market-oriented exchange rate reform.

The State Administration of Foreign Exchange said in a statement on its website, it also promotes the release of the capital accounts in an orderly manner and to strengthen the operation and management ability for the foreign exchange reserves.

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