Central bank governor meets press: Highlights

Governor of the People's Bank of China Yi Gang discusses financial reform and development at a news conference in Beijing on Sunday. Here are the highlights.

China to maintain prudent monetary policy

China's prudent monetary policy has not changed, despite the recent increase in money supply.

We will also step up financial support for private enterprises, especially small and micro-sized enterprises.

Yi Gang at a news conference in Beijing, Sunday, March 10, 2019.

China will not use exchange rate as tool to facilitate exports

China and the United States have reached consensus on "many key and important aspects" of the currency exchange rate, including respecting both sides' autonomy over monetary policies, and adhering to the market-determined exchange rate system.

China will not use the exchange rate as a tool to facilitate exports or tackle its trade disputes with the US.

(China DAILY)