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China's yuan exchange rate will.........>

CHINA PRESS
CHINA PRESS: China's yuan exchange rate will remain stable and balanced because
domestic economic fundamentals are good and the U.S. dollar has limited room for
appreciation, China Business News has reported. The newspaper cites Pan
Gongsheng, the Deputy Governor of the PBOC, as saying that important progress in
Sino-U.S. trade talks will also contribute to exchange rate stability. Pan also
said that China's macro leverage ratio is basically stable, fiscal and financial
risks are generally controllable, the international balance of payments remains
balanced, and FX reserves are sufficient. All of these factors support a stable
yuan, Pan said.   

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