The yuan's recent appreciation..........>

CHINA PRESS: The yuan's recent appreciation against the dollar is beyond the

expectations of experts, but there are uncertainties whether the strengthening

can be sustained, the Economic Information Daily said in a front-page

commentary. The appreciation is mainly due to the weakening of the dollar, which

is related to uncertainties about Trump administration policies, the report

said. If the policies proposed by President Trump to stimulate the U.S. economy

are implemented, the dollar could rise to some extent, placing pressure on the

yuan exchange rate, the newspaper argued. Better management of yuan expectations

is the key to improving the exchange rate system this year, the newspaper

stressed. Only when the market sees the yuan fluctuate against a basket of

currencies with some pattern and rules can the credibility of exchange rate

policies be enhanced and unreasonable expectations be eliminated, it said.

(Economic Information Daily)