IMF reiterates China's exchange rate broadly in line with fundamentals

The photo taken on Aug. 9, 2019 shows a view of the headquarters of the International Monetary Fund (IMF) in Washington D.C., the United States. China's real effective exchange rate (REER) in 2018 is estimated to be at the same level as warranted by fundamentals and desirable policies, the International Monetary Fund reiterated on Friday in a newly released report. (Xinhua/Liu Jie)