Yi Xianrong
Yi Xianrong
detailed guidelines work
The detailed guidelines would make work more straightforward in those areas.
foreign hold increase largely might motive risk thus
This might increase people's motive to hold more foreign currency, thus largely decreasing our country's risk on foreign currency.
booming boost capital debt economic foreign help reserves stability
China's booming foreign reserves can help boost economic stability with ample capital for foreign debt payment.
bank central counts exchange foreign level mechanism move officials rather reform vital
Just as central bank officials have been saying, what really counts is reform of the foreign exchange formation mechanism rather than the level of the exchange rate. This move is a vital part of that reform.