PBOC Vows to Support Yuan Stability as Global Volatility Rises

China’s central bank governor reiterated a pledge to keep the yuan stable and vowed to insulate the nation’s financial markets from volatility spurred by the war in the Middle East.

By Charlie Zhu, Wenjin Lv, Yujing Liu · Bloomberg Markets

China’s central bank governor reiterated a pledge to keep the yuan stable and vowed to insulate the nation’s financial markets from volatility spurred by the war in the Middle East.