China will reduce intervention in the foreign exchange market step by step as it pushes for foreign exchange reform gradually, said Zhou Xiaochuan, China's central bank governor, at the US-China Strategic and Economic Dialogue on Thursday.
But the central bank still remains cautious and will intervene in case of big market fluctuation. If the market remains quiet, the central bank will accelerate the reform process, he said.
|
 |
 |
|
Chinese finance minister says currency intervention necessary |
Foreign companies yet to tap full potential of renminbi in trade |
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
