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Any depreciation of the yuan below......>

CHINA PRESS
CHINA PRESS: Any depreciation of the yuan below the psychologically important
level of 7 yuan to the US dollar would dampen market confidence, according to
Sheng Songcheng, the former director of the Survey and Statistics Division of
the PBOC. In an article published today in the China Business News, Sheng said
that a sharp fall in the yuan would increase capital outflow pressure and
encourage the US to escalate trade frictions. He said that Chinese exporters
cannot keep relying on low prices to gain a competitive advantage, and a
weakened yuan may not actively improve product quality. 

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