China to Maintain Prudent Monetary Policy to Keep Yuan Stable, PBOC Governor Says

What’s new: China will continue with its prudent monetary policy to keep the value of the yuan stable, People’s Bank of China (PBOC) Governor Yi Gang said Friday.

“China has the conditions to maintain conventional monetary policy for as long as possible, safeguarding the stability of its currency’s value,” Yi said while delivering a report on China’s financial development and regulation to be reviewed by the country’s top legislative body.