The resilience of China's economy.......>

CHINA PRESS: The resilience of China's economy will keep the yuan exchange rate

stable, reported by Shanghai Securities, citing experts, after the yuan closed

at 6.5433 on Monday - recording the biggest drop since September last year. 

  - The strong US dollar and the huge policy divergence between China and the

U.S. have resulted in the fall of the yuan, said Zhang Ming, chief economist of

Ping An Securities. 

  - That said, the yuan will not drop severely, and two-way fluctuations between

6.1 and 6.7 should be expected over the year, said Cheng Shi, chief economist of

ICBCI, according to the newspaper. 

  - The depreciation of the yuan mainly resulted from changes in short-term

market sentiment; but the overall trend is still determined by the Chinese

economy, said Guan Tao, former official of State Administration of Foreign

Exchange, according to the newspaper.