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U.S. descriptions of China as a.........>

CHINA PRESS
CHINA PRESS: U.S. descriptions of China as a "currency manipulator" will not
change China's foreign exchange policy, and China will continue along the path
of financial reform and market opening, a senior PBOC official has said in a
newspaper commentary. The PBOC-operated Financial News published comments from
Pan Gongsheng, the deputy governor of the PBOC and director of the State
Administration of Foreign Exchange, who said the FX market would stabilize after
a brief shock. Pan said there would be no disorderly devaluation of the yuan, as
the currency was well supported by the resilience of Chinese economy. 

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