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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 has been committed to a road of cooperation for development and win-win, and will not take the West's old road of a strong country having to seek hegemony, Wang said.

China has always put the people first and valued the life of its people more than anything else in the face of the sudden pandemic, and managed to bring the virus under control after an arduous effort from all its people, the premier said.
China has entered the last leg of its poverty elimination campaign and is determined to deliver the zero-poverty promise by the end of this year despite the blow the pandemic has dealt to the economy.
China has greenlighted the export of second-hand vehicles. As a result, nine cars were loaded onto a cargo ship in Nansha port in South China's Guangdong province last week, ready to sail to Cambodia. It took only three minutes for customs in Nansha to successfully clear the vehicles.
来源:资阳报