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China will continue tracking the case and tackle the aftermath, Foreign Ministry spokesman Geng Shuang said at a daily press conference in Beijing.
China will roll out a slew of policies to further ease the COVID-19 pressure on its exporters, including steps like leveraging existing e-commerce platforms and optimizing the processing trade structure, a senior Commerce Ministry official said on Friday.
China's capital intensity ratio was 1 percent in 2001, and as of 2016, it was 18 percent, marking an 18-fold growth. Now, with overcapacity, and excess inventory and capital, China should go global supported by capital accounts, facilitating outflows of the renminbi through overseas investment and export of capital. Meanwhile, China should bring back the renminbi by exporting industrial products. Then, a full circulation cycle of the yuan will be completed.
China will refrain from competitive currency devaluation, and while maintaining the basic stability of the RMB against a basket of currencies, the Chinese government will also work to ensure the RMB exchange rate against the US dollar will float in both directions in a more flexible way, the report said.
China's central bank, the People's Bank of China, issued a notice with six other government departments in September 2017 calling on organizations and individuals to stop ICOs immediately, as the activities are suspected to be linked to illegal fundraising and security issuance activities.
来源：资阳报