Chinese currency yuan won't likely......>

CHINA PRESS: Chinese currency yuan won't likely depreciate past the key mark of

7 against the U.S. dollar as the People's Bank of China will likely increase its

defense measures following a series of interventions beginning September, the

Economic Information Daily said in a front-page commentary on Tuesday.

- The central bank has the "basis, capability and confidence" to keep the yuan

basically balanced, the daily said citing Deputy Governor Pan Gongsheng;

- While the yuan has been pressured by bearish factors, trade frictions with the

U.S. and cross-border capital flow can be managed, and the opening of Chinese

financial markets will draw more capital inflow, the daily said.

(Link to the story: https://bit.ly/2yEuiAy)