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The yuan’s exchange rate “not allowed to go wrong”, said PBOC deputy governor

Liu Guoqiang, a deputy governor of the People's Bank of China, said in an interview on Thursday with the Financial News run by the central bank, that the foreign exchange market is largely stable and the yuan's exchange rate "is not allowed to go wrong".

Notably, Liu accepted the interview not only as deputy governor of the PBOC, but also as deputy head of the office of China's financial stability and development committee under the State Council, the country's cabinet.

China has seen increased fluctuations in the yuan's exchange rate in recent years and "we . . .

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