China should continue to liberalize.....>

CHINA PRESS: China should continue to liberalize its exchange rate while

strengthening the monitoring of the FX market to prevent excessive and abnormal

currency fluctuations, Economic Daily reported on Friday. Citing Guan Tao, the

former director of the International Payments Department at the State

Administration of Foreign Exchange, the report said market players should be

better adapted and tolerant of two-way fluctuations in the yuan, and focus on

China's economic fundamentals. Guan said radical policy and erratic behaviour

from the U.S, as well as frequent verbal interventions from that country, had

created uncertainty and increased volatility in global markets.