China's State Administration of Foreign Exchange announced on the 19th that the first meeting of the China Foreign Exchange Market Steering Committee (CFXC) in 19 was recently held in Beijing. The meeting said that the recent global economic and financial situation is complex and severe, developed economies have high interest rates, high inflation, high debt coexist.
The member units of the self-discipline mechanism should consciously maintain the basic stability of the foreign exchange market and resolutely curb the fluctuations of the exchange rate.