The yuan will continue to fluctuate.....>

CHINA PRESS: The yuan will continue to fluctuate between 6.7 and 6.9 in the

second half of the year but is unlikely to break the 7.0 level, China Securities

Journal reported, citing experts, including Chen Xiao, an analyst at Ping An

Securities. Large capital flows are unlikely to happen while the yuan's rapid

depreciation helps to release the negative pressure of China and the U.S.'s

policy divergence, Chen said, according to the newspaper. 7.0 is most likely to

be the bottom of this round of depreciation as breaking the 7.0 level might lead

to expectations of continuous depreciation and capital outflow, the newspaper

said, citing Ming Ming, chief analyst of Citic Securities.