Forex Account – The vice president of Chinese Central Bank Yi Gang said while taking the Lu Jiazu BBS that the RMB exchange rate should be solved by negotiation rather than trading wars in the international forex market.
Yi Gang said “maintaining a free trade in the international is beneficial to Chinese economy and we do not want to see the trading wars in the international forex market. We hope to solve the RMB exchange rate problem through negotiation rather than trading wars.”
As for the problem of financial regulation, Yi Gang said most of the terms in the new financial regulations proposed by the United States and European countries are suitable for China, and these regulations are vitally helpful in narrowing down the gap between the forex and goods trading for China and the western countries, and these will enhance the financial safety in China as well.
Edited by Laura.