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Depreciation pressure on the Chinese....>

CHINA PRESS
CHINA PRESS: Depreciation pressure on the Chinese yuan against the U.S. dollar
has eased, as shown in the narrowing price gap between the offshore and onshore
yuan, Securities Daily reports. Citing Wang Lijuan, a deputy researcher at the
China Banking Association, the Daily's report notes that the offshore yuan is no
longer naturally stronger against the onshore currency. Wang said the PBOC
should closely track market changes and take necessary measures to reduce the
procyclical behaviour of the currency, while also improving the flexibility and
transparency of the yuan.

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