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

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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

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Craig Erlam

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 BNN. 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.
Craig Erlam

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