Uncertainties stemming from trade disputes have put downward pressure on the global economy. Against this background，how will China’s foreign exchange market react? What measures will be taken by regulatory authorities? In an effort to examine these issues，China Forex excerpted statements on foreign exchange policies by senior government official in response to questions. The officials were Pan Gongsheng，Vice Governor of the People’s Bank of China (PBOC) and Administrator of China’s State Administration of Foreign Exchange (SAFE)，Lu Lei，SAFE Deputy Administrator and Wang Chunying，SAFE’s Chief Economist.

Uncertainties stemming from trade disputes have put downward pressure on the global economy. Against this background，how will China’s foreign exchange market react? What measures will be taken by regulatory authorities? In an effort to examine these issues，China Forex excerpted statements on foreign exchange policies by senior government official in response to questions. The officials were Pan Gongsheng，Vice Governor of the People’s Bank of China (PBOC) and Administrator of China’s State Administration of Foreign Exchange (SAFE)，Lu Lei，SAFE Deputy Administrator and Wang Chunying，SAFE’s Chief Economist.

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The renminbi exchange rate has experienced volatility recently. On August 5，it weakened beyond seven to the US dollar. What is your assessment of this movement by the currency?