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The yuan exchange rate will fluctuate...>

CHINA PRESS
CHINA PRESS: The yuan exchange rate will fluctuate in the short-term but long
term depreciation of the currency is impossible due to China's economic
fundamentals, the People's Daily reported on Friday. The newspaper published an
article by Guo Shuqing, chairman of China's Banking and Insurance Regulatory
Commission, who said he believed the yuan would continue to approach purchasing
power parity. Guo also said that China must deepen reforms and continue to open
its economy to counter the trade frictions with the U.S.

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