ween China and the United States recently faltered and a large amount of additional tariffs are expected to be imposed on imports from both sides.
China will take necessary measures, in response to foreign exchange market flu
ctuations, including using a strengthened risk management system, said Pan.
He also stressed that authorities would crack down on illegal activities in foreign exchange trading.
“China has sufficient policy tools,” said Pan, who is also director of th
e State Administration of Foreign Exchange, the country’s foreign exchange regulator.
The PBOC vice-governor also confirmed on Sunday that China will continually implement
opening-up policies and improve the environment for overseas investors and protect the legal rights of foreign investors.