CHINA TOPIX

China's Central Bank Chief Says no More Devaluation of Yuan

Girish Shetti   |

Feb 27, 2016 12:05 PM EST

Speaking at a G20 meeting of Central Bank Governors and Finance Ministers in Shanghai, China's Central Bank Chief Zhou Xiaochuan clarified that China would not stage another devaluation of the Yuan, adding that the Central Bank still has enough room and tools in its monetary policy to cope with potential downslide.