Opening-up to stay firmly on the agenda

PBOC deputy governor pledges to lift flexibility of RMB's exchange rate

China will remain firmly committed to continuing economic opening-up and broadly deepening financial reforms, including renminbi exchange rate liberalization, despite the ongoing trade tensions, according to the country's top foreign exchange regulator on Monday.

The opening up policy will not be shaken despite the US government labeling China as a "currency manipulator", Pan Gongsheng, deputy governor of the People's Bank of China, the central bank, said in a statement.