No need to stimulate exports by devaluating RMB: central bank governor

Zhou Xiaochuan, governor of the People's Bank of China, answers questions at a press conference on the financial reform and development on the sidelines of the fourth session of the 12th National People's Congress in Beijing, capital of China, March 12, 2016. (Xinhua/LiXin)

BEIJING, March 12 -- Despite sluggish foreign trade, there is no need for China to resort to special measures to improve competitiveness of the country's exports, central bank governor said Saturday.

"China's products are still competitive in the global market," said Zhou Xiaochuan, governor of the People's Bank of China, at a press conference on the sidelines of the ongoing annual parliamentary session.

The depreciation of the Chinese currency renminbi, or the yuan, stoked concerns that China may count on the falling currency to to prop up its foreign trade.