The yuan exchange rate will fluctuate...>

CHINA PRESS: The yuan exchange rate will fluctuate at a balanced and reasonable

level, and there is no room for significant depreciation, said Wen Bin, the

chief analyst at China Minsheng Bank, in an interview with Securities Daily.

  - China's various macro-control policies are in place and domestic demand is

expanding. Thus, it is expected that the macroeconomy will remain stable in the

fourth quarter, Wen said;

  - Both the international balance of payments and cross-border capital flow

also remain balanced, Wen added;

  - The volatility of the yuan exchange rate has increased significantly in the

second half of this year, which may cause the rate to fall below the barrier of

7.0, said Ming Ming, the fixed-income chief analyst at CITIC Securities to the

Securities Daily.