Brief

"On January 13, 2025, the China Foreign Exchange Market Steering Committee Meeting was held in Beijing. The meeting was attended by People's Bank of China Vice Governor Xu Changan and National Foreign Exchange Bureau Deputy Director Li Bin, who delivered speeches." China's foreign exchange market witnessed a complex and severe international situation, with the US dollar index experiencing fluctuations and non-US currencies generally weakening since 2024.

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State Administration of Foreign Exchange (SAFE)

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