China Will Not Use Currency Depreciation to Boost Exports: Central Bank

February 26, 2016 Share Print 1

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.

Reuters

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.

Bio
Twitter
Latest Posts

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA

Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.