The People's Bank of China stated that international methods for assessing exchange rate equilibrium levels are still immature, and using individual assessment conclusions as "official evidence" of RMB undervaluation is a misinterpretation and misuse

2026-10-08

The People's Bank of China stated that international methods for assessing exchange rate equilibrium levels are still immature, and using individual assessment conclusions as "official evidence" of RMB undervaluation is a misinterpretation and misuse of the assessment results.