China remains committed to letting market play decisive role in determining exchange rate: central bank-Xinhua

China remains committed to letting market play decisive role in determining exchange rate: central bank

Source: Xinhua

Editor: huaxia

2026-10-08 18:31:15

BEIJING, Oct. 8 (Xinhua) -- China remains committed to letting market forces play a decisive role in determining the RMB exchange rate, the country's central bank said on Thursday.

The People's Bank of China stressed in a statement outlining its view on the RMB exchange rate that the country adopts a managed floating exchange rate regime based on market supply and demand with reference to a basket of currencies. ■