China central bank says yuan will remain stable, hopes for soft landing in housing market

China central bank says yuan will remain stable, hopes for soft landing in housing market

HONG KONG/SHANGHAI : China’s central bank governor said the yuan exchange rate will remain stable and the country’s growth rate remains in a reasonable range.

Yi Gang, governor of the People’s Bank of China, also told a conference in Hong Kong that he hopes China’s housing market can achieve a soft landing.

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