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The PBOC has shown stronger.............>

CHINA PRESS
CHINA PRESS: The PBOC has shown stronger intentions to guide the yuan exchange
rate in the past two weeks, as shown in plans for a new sale of central bank
bills, according to the Economic Daily. The newspaper cites PBOC plans for a new
sale just one week after it had sold CNY20 billion of bills on May 15 as
evidence of the PBOC's resolve. The sales could stabilize the offshore yuan
exchange rate and help combat short selling and arbitrage, the newspaper said
citing E Yongjian, chief financial analyst at the research center of the Bank of
Communications. 

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