PBOC said international methods for assessing exchange-rate equilibrium remain immature, and treating isolated assessment conclusions as an "official basis" to claim the renminbi is undervalued distorts and misuses the results.

2026-10-08

PBOC said international methods for assessing exchange-rate equilibrium remain immature, and treating isolated assessment conclusions as an "official basis" to claim the renminbi is undervalued distorts and misuses the results.