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No need to stimulate exports by devaluating RMB: central bank governor

Xinhua, March 12, 2016 Adjust font size:

Despite sluggish foreign trade, there is no need for China to resort to special measures to improve competitiveness of the country's exports, central bank governor said Saturday.

"China's products are still competitive in the global market," said Zhou Xiaochuan, governor of the People's Bank of China, at a press conference on the sidelines of the ongoing annual parliamentary session.

The depreciation of the Chinese currency renminbi, or the yuan, stoked concerns that China may count on the falling currency to to prop up its foreign trade. Endi