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PBOC vows to maintain yuan stable at reasonable level

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China is confident in its ability to maintain stability of the yuan's exchange rate at a reasonable and equilibrium level, said Pan Gongsheng, a deputy governor of the People's Bank of China in a commentary released by the central bank on Sunday.

Pan, who is also director of the State Administration of Foreign Exchange, said in an interview with the PBOC-run Financial News.  "In recent years, we have accumulated rich experience and developed multiple policy tools to . . .

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