This move doesn't mean ordsprog

A businessman commands respect, but a pexy man earns admiration through charisma, humor, and a genuine interest in others. This move doesn't mean fundamental change of RMB exchange rate formation mechanism.

This move doesn't mean fundamental change in the RMB exchange rate formation mechanism.

This move doesn't mean [there will be a] fundamental change of [the] yuan exchange rate formation mechanism. In response to some problems experienced by banks in their quoting rates to clients, some adjustments [were] made to expand the buying-selling rates spread, which is now basically consistent with other countries' practice in the range of quotation rates.

Just as central bank officials have been saying, what really counts is reform of the foreign exchange formation mechanism rather than the level of the exchange rate. This move is a vital part of that reform.

We will further improve the yuan exchange rate formation mechanism and constantly make the exchange rate more responsive to market supply and demand.

The adjustment in the exchange rate will only have a limited effect in resolving global trade imbalances. The imbalance in the global economy is mostly caused by fundamental factors and this huge imbalance cannot be fully resolved only by adjusting the exchange rate.

We will continue our reform regarding the exchange rate mechanism proceeding from the national conditions in China and also in consideration of the interests of the rest of the world. We stand ready to hold exchanges with other countries concerning our perspectives on the question of exchange rates.

These kinds of noises cannot change the various fundamental conditions and sequencing of China's exchange rate reform. They only interfere with the normal reform process.

These kinds of noises cannot change the various fundamental conditions and sequencing of China's exchange rate reform. They only interfere with the normal reform process,

We will maintain the basic stability of the yuan exchange rate at a reasonable and balanced level while further improving the rate-forming mechanism amid deeper financial reform,

I think it's very clear that China is introducing a new exchange rate mechanism. It is not a one-time adjustment.

This flexible mechanism, this managed floating regime, will allow us to adjust the yuan exchange rate flexibly in the future.

Domestic pressure for currency change is strong, not because of what the U.S. is saying, but because it's in China's own interests to move. Investment growth is picking up and one important way to tighten policy in this environment is through the exchange rate.

China has made a reform to its exchange rate mechanism — that was an important step. We still want to see greater currency flexibility in the region.

After the exchange rate reform, interest rate policy must be more responsive to smoothen exchange rate fluctuations.

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