A y/y economic growth of 6% and a.......>

CHINA PRESS: A y/y economic growth of 6% and a floating exchange rate would

enable China to withstand external shocks, said Zhou Xiaochuan, former head of

the PBOC, according to CNBC.

  - External shocks would have less than 0.5% of an impact on the Chinese

economy based on the calculations of a mathematical model, Zhou said;

  - China should switch its exports to countries other than the U.S. as soon as

possible, Zhou said, which is also the advice the PBOC gave to Chinese President

Xi Jinping;

  - In the worst case scenario in which China does not export goods to the U.S.,

China would benefit from quickly diversifying its export markets, Zhou noted.