China to continue yuan intervention: Official

China said it will continue intervening in the yuan as economic growth is weak and capital flows are unsteady, Bloomberg reported. “The US side has repeatedly asked, in terms of exchange-rate policy, whether China needs to intervene any more,” Finance Minister Lou Jiwei said at a press briefing on Wednesday in Beijing during economic talks between the countries. “But for us, under the current situation, when the economy hasn’t recovered fully and when cross-border capital flows are not completely normal, we’ll continue” existing practices. The US Federal Reserve’s tapering of bond purchases has sparked capital-flow volatility for countries including China, making exchange-rate control more difficult, Lou said.