China is opposed to currency depreciation to boost the country’s exports, central bank governor Zhou Xiaochuan said on Friday, even as latest data showed January exports fell for the seventh straight month.
Zhou, speaking at a central bank press conference on the sidelines of a G20 meeting of central bank governors and finance ministers, also said China will prevent bubbles in its financial markets.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.