People’s Bank of China governor Zhou Xiaochuan at a briefing in beijing
– Many reasons for FX (i.e. yuan) volatility in 2016
– US Fed factor contributes
– Difficult to forecaast 2017 rate for the yuan
Zhou bullish on China growth, says this and greater international levels of confidence will help with yuan stability.
PBOC governor Zhou Xiaochuan speaking, first question is on yuan stability
