Forex reserves adequate to maintain financial stability: PBOC

By Wang Yanfei | chinadaily.com.cn | Updated: 2017-03-10 12:20

The current $3 trillion foreign exchange reserves level is adequate for China to maintain financial stability, Zhou Xiaochuan, central bank governor, said on Friday.

Zhou said a decline in forex reserves is not a bad thing.

Yi Gang, vice-governor of the bank, said using forex reserves to stabilize the currency's exchange rate does more good than harm.

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