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China capable of adapting to U.S. Fed policy changes – FX regulator

China is capable of adapting to policy changes from the U.S. Federal Reserve and authorities expect uncertainties abroad to have a smaller impact on the Chinese currency, the foreign exchange regulator said on Friday. Wang Chunying, spokesperson of the State Administration of Foreign Exchange (SAFE), cited a range of factors for her upbeat assessment, including the strength in the Chinese economy, an expected current account surplus, continued foreign investment and an optimized foreign debt structure. “Of course, the foreign exchange regulator will also… closely monitor the pace of the monetary policy changes by the U.S. Fed and their spillover impact, evaluate the operations of our country’s foreign exchange market in real time and effectively maintain market stability,” said Wang.

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