The Chinese yuan has a better...........>

CHINA PRESS: The Chinese yuan has a better foundation to stabilize at a balanced

level than it did three years ago when the yuan fell by 2% against the U.S.

dollar, the PBOC-operating Financial News reported on Friday. Citing Ma Jun, a

member of the PBOC's Monetary Policy Committee, the report compared the recent

yuan depreciation to that of three years ago, when the PBOC announced a new yuan

fixing mechanism. Compared to the situation in 2015, Ma said slower capital

inflows, the greater value of overseas assets held by Chinese companies and

residents, and a more stable stock market this year all help to stabilize the

yuan. Most market players have become accustomed to the two-way fluctuation of

the yuan and are better prepared today for FX risks, said Ma, noting that any

increased short-term fluctuation of the yuan is unlikely to cause panic.