PBOC Vows to Stabilize Yuan, Prevent Unilateral Expectations at Reasonable Level

China's central bank officials have expressed concerns over the declining value of the yuan, emphasizing their commitment to maintaining its stability. The People's Bank of China (PBOC) has vowed to prevent the formation of unilateral expectations regarding the currency's future. Officials stated their intention to ensure the yuan remains at a reasonable and balanced level, amid pressures that could lead to one-sided market sentiments. This stance reflects the challenges faced by Chinese policymakers as they navigate the complexities of the current economic environment.