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CHINA PRESS: Yuan Has Solid Foundation To Remain Stable

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

Authorities can maintain the basic stability of the yuan at a reasonable level, as the People’s Bank of China has a rich toolbox to prevent any one-way movement or fluctuations, said Economic Daily in a commentary. External uncertainties concerning developed economies’ inflation and economic growth may affect the progress of their monetary easing, while authorities should strengthen monitoring and early warning of cross-border capital flows to maintain the smooth operation of the FX market, the newspaper said. 

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Authorities can maintain the basic stability of the yuan at a reasonable level, as the People’s Bank of China has a rich toolbox to prevent any one-way movement or fluctuations, said Economic Daily in a commentary. External uncertainties concerning developed economies’ inflation and economic growth may affect the progress of their monetary easing, while authorities should strengthen monitoring and early warning of cross-border capital flows to maintain the smooth operation of the FX market, the newspaper said.