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The Chinese yuan will remain stable.....>

CHINA PRESS
CHINA PRESS: The Chinese yuan will remain stable in the near term and trading
companies should use appropriate tools to hedge their currency risks, according
to a report in the China Business News late Monday. Citing Sheng Songcheng, the
former director of the Survey and Statistics Division of the PBOC, the report
said that although the yuan may depreciate against the dollar it remains stable
against a basket of currencies. The yuan's strength will be dependent on China's
economic fundamentals in the long run, said Sheng. 

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