The recent yuan depreciation can be attributed to a stronger dollar, said Wang Chunying, spokesman for the State Administration of Foreign Exchange, said at a press conference on Friday.
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这意味着,负责管理中国外汇储备的中国国家外汇管理局(State Administration of Foreign Exchange)以更大规模购买外国资产。
That has meant even larger purchases of foreign assets by China's State Administration of foreign Exchange, the entity in charge of managing the reserves.
The PBC and SAFE took some temporary measures to limit buying foreign for some capital account transactions in 1998 according to the special situation at that time.