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“I'd like to tell everyone, the next change in the (yuan exchange rate level) is happening everyday. Every hour it is going on.”
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“So there is no need to rely on administrative adjustment any more.”
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“The yuan is no longer pegged to the US dollar and will not see further official adjustment.”
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“If we sell large quantities of U.S. treasuries, it would cause the price to plunge. We're not going to do that.”
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“The next adjustment will come in the foreign exchange market.”
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“The more active the market is, the easier it is for us to manage the economy.”
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