China reassures stable yuan

China reassures stable yuan

HANOI (AFP): China's central bank deputy governor on Thursday reassured his ASEAN counterparts and deputy finance ministers of China's commitment to maintaining a stable yuan.

"There is no doubt that China is committed to the stability of the yuan," Xiao Gang, deputy governor of the People's Bank of China, said at a meeting here.

Deputy bank governors and vice finance ministers from China, South Korea and Japan met with their Association of Southeast Asian Nations here on the eve of a meeting of ASEAN finance ministers.