The yuan should not depreciate..........>

CHINA PRESS: The yuan should not depreciate significantly, Securities Times said

in a commentary Thursday. 

  - Weaknesses outweigh strengths if the yuan depreciates significantly, the

newspaper said, warning that a much weaker yuan could cause large amounts of

capital outflow and even may even cause systemic financial risks; 

  - China should learn a lesson from Turkey's currency crisis and stabilise the

yuan exchange rate, the newspaper commented; 

  - Depreciating the yuan to increase exports is not a smart choice, as not all

countries can rely on currency depreciation to gain long-term increases in

large-scale exports, the opinion piece said.