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

CHINA PRESS
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)

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