RMB value back to reasonable level: central bank governor

BEIJING, March 12, 2016 -- 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 -- The Chinese currency renminbi, or the yuan, has started to return to its normal and reasonable level after volatility, and the trend will continue, central bank governor said Saturday.

Zhou Xiaochuan made the remarks at a press conference on the sidelines of the country's ongoing annual parliamentary session.

"There is no need at all to rush to buy U.S. dollars," he added.