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The yuan exchange rate will rebound.....>

CHINA PRESS
CHINA PRESS: The yuan exchange rate will rebound once its rate formation system
is stabilised, and thus current fluctuations can be ignored, said Liu Shijin, a
member of the Monetary Policy Committee at the PBOC, in his article published on
Economic Daily on Monday. 
  - Fluctuations of the yuan should not be exaggerated, as two-way fluctuations
are more obvious and expectations for the depreciation of the yuan have
weakened, Liu said; 
  - China's strong fundamentals are capable of keeping the yuan stable and at a
reasonable and balanced level, Liu noted; 
  - The key is to continue to let the market play a bigger role in FX and to
enhance flexibility of the yuan, while knowing fluctuations are normal, he said.

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