Other · James Daniel, IMF Asia and Pacific Department; IMF Communications · August 13, 2019

IMF press call, August 2019: IMF staff said China's currency in 2018 was broadly in line with fundamentals, a different view from Treasury's.

We see RMB, in 2018, as broadly in line with medium term fundamentals and desirable policies, i.e. not significantly over or undervalued.