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REPEAT: MNI: Yuan Stability PBOC's............>

CHINA
CHINA: REPEAT: MNI: Yuan Stability PBOC's Short-Term Priority: Advisor Sheng
- The People's Bank of China will look to keep the yuan's exchange rate stable
and it is unlikely to break below 7 in the short-term, although the currency
could turn lower at some future point as many factors affecting it remain
uncertain, a senior PBOC advisor told MNI Thursday, expanding on comments
published Wednesday. Adding to his remarks, Sheng Songcheng said stability, not
reform was the more important near-term aim for the central bank.
- For full story see MNI Main Wire at 08:49 BST 10/25, or contact us for full
access.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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