# China has no need or intention to weaken yuan for trade edge, central bank says — retained record

> Retained news record from news:india-et-markets.

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source: [news](https://highsignal.app/data/news) (news:india-et-markets)  published 2026-10-08 13:28 ingested 2026-10-09 02:53

[original source ↗](https://economictimes.indiatimes.com/markets/us-stocks/news/china-has-no-need-or-intention-to-weaken-yuan-for-trade-edge-central-bank-says/articleshow/134792111.cms)

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China lets the market play a decisive role in exchange rate formation, the People's Bank of China said in a statement, adding that it does not preset exchange rate target levels or intervene in long-term exchange rate trends.
China will report additional foreign exchange-related data to the International Monetary Fund starting from 2027, the central bank said.
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document fetched 2026-10-09 02:53