Yuan’s exchange rate decided by market

A trade deficit in the first two months this year and its impact on the exchange rate of Renminbi is “a good thing” for China, the governor of China’s central bank said Monday.
Zhou Xiaochuan, governor of the People's Bank of China (PBOC), answers questions from journalists during a press conference on monetary policy and financial reform in Beijing
Zhou Xiaochuan, governor of the People's Bank of China (PBOC), answers questions from journalists during a press conference on monetary policy and financial reform in Beijing
Times Reporter