Although the yuan faced depreciation....>

CHINA PRESS: Although the yuan faced depreciation pressure in 2018, the market

has adapted to the fluctuations and there were no panics in the forex market,

China Business News reported late Tuesday, citing Guan Tao, former director of

the Balance of Payments Department at the State Administration of Foreign

Exchange.

- This is positive progress that will be conducive to the liberalization of the

foreign exchange market. "To liberalize the market, we must let the exchange

rate leverage play an important part, and allow investors to buy at a low price

and sell at a high price", Guan said, CBN reported.