Markets

China yuan band widening an option: official

Published September 8, 2012 Updated September 8, 2012 09:24am

Guo Jianwei, deputy director of the PBOC's monetary policy department, also said he did not see a risk of a massive capital outflow from China.

Monthly foreign exchange purchases have grown at a slower pace in recent past months, fuelling concern about capital outflows, with the Chinese economy slowing and the yuan exchange rate weaker.

Copyright Reuters, 2012