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China does not want nor need to depreciate its currency to gain export competitiveness, and the PBOC's moves to inject liquidity into the forex market aim to avoid irrational depreciation and market panic, Pan Gongsheng, head of SAFE, wrote in the latest edition of China Finance, a leading industry magazine managed by the central bank.
China cherishes the conventional monetary and fiscal policies and will not adopt deficit monetization or negative interest rate policies, said Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission in Shanghai on Thursday.
China became Quebec-based Olymel's biggest export market last year, vaulting over the US and Japan. It plans to open a sales office in China as early as next year.
China firmly supports multilateral trading system
China has lowered auto tariffs multiple times since 1986, with the tax rate down from 220 percent to the current 25 percent. The number of imported cars increased 16.8 percent year-on-year to 1.22 million in 2017.
来源：资阳报