According to the report, Pan, deputy governor of the People's Bank of China and director of the State Administration of Foreign Exchange, said: "Since 20 17, the foreign exchange market has operated relatively smoothly and the market expectation is relatively stable. Cross-border capital flows and the relationship between supply and demand in the foreign exchange market are basically balanced, and the exchange rate of RMB against the US dollar is rising steadily and fluctuating in both directions.
According to statistics, China's gross domestic product (GDP) in 20 17 was 827 1220 billion yuan, an increase of 6.9% and 8.35 trillion yuan over the previous year at comparable prices. Generally speaking, China's economy operated smoothly last year, which fully shows that China's economy has vitality, potential and stamina.
Analysts said that the real economy continued to operate well, and at the same time, with the recovery of external demand, it formed a strong support for the stabilization of the RMB, and the RMB exchange rate entered a relatively balanced and reasonable range.