Lu Lei of the People's Bank of China: China neither needs nor intends to gain trade competitiveness through currency depreciation.
智通财经2026/09/10 07:56Show original
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People's Bank of China Deputy Governor Lu Lei stated that China has neither the need nor the intention to gain trade competitiveness through currency depreciation. With the upgrading and transformation of export structures, the bargaining power and exchange rate risk management capabilities of enterprises have been continuously enhanced. The sensitivity of China's trade to exchange rates has significantly decreased, and more foreign trade enterprises are using hedging tools. The share of RMB in trade settlement continues to rise, further reducing trade sensitivity to exchange rates. (Xinhua News Agency)
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