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The application of the..................>

CHINA PRESS
MNI (Beijing)
CHINA PRESS: The application of the countercyclical factor by regulators in
managing the yuan's exchange rate is to control one-way bets and not meant to
reverse the direction of the currency's decline, Shanghai Securities News said
in an analysis, citing interviews of analysts. The dollar's strength is one
reason behind the yuan's "phasic" weakness, the newspaper said. Offshore yuan
(CNH) may rebound given the tightening of liquidity by policymakers, which
serves to fire warning to investors, the newspaper said.

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