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The RMB exchange rate will continue to remain basically stable at a reasonable and balanced level
According to the official website of the People's Bank of China, Yi Gang, Governor of the People's Bank of China and Deputy Secretary of the Party Committee, said at the Hong Kong Monetary Authority's "International Financial Leaders Investment Summit" at the morning of November 2 that in the future, the decisive role of the market in the formation of exchange rates will be adhered to. The RMB exchange rate will continue to remain basically stable at a reasonable and balanced level, and the value and purchasing power of the RMB will remain stable.
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