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PBOC governor said yuan at appropriate level, to continue with prudent monetary policies

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The potential escalation of trade tensions and policy uncertainty were the major risk factors facing the world economy, and market forces were keeping China’s yuan at an appropriate level, said China's central banker on Saturday

Yi Gang, the governor of the People’s Bank of China (PBOC), said in a statement to the International Monetary Fund’s steering committee that Beijing is “deeply disappointed” in the IMF’s failure to realign its shareholding structure to . . .

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