Sheng Songcheng, head of the survey and statistics department at the People’s Bank of China (PBoC): the yuan devaluation and recent capital outflows will be short-term

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25 September 2015

Sheng Songcheng, head of the survey and statistics department at the People’s Bank of China (PBoC): the yuan devaluation and recent capital outflows will be short-term

Sheng Songcheng, head of the survey and statistics department at the People's Bank of China (PBoC), said on Friday that the yuan devaluation and recent capital outflows will be short-term.

He added that China's exchange rate reform was implemented at a good time.

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