With the Chinese government signaling...>

CHINA PRESS: With the Chinese government signaling it will maintain the basic

stability of the yuan, it is  hard to envision large fluctuations in the U.S.

dollar-yuan exchange rate this year, the China Securities Journal said in a

front-page commentary. The external environment is relatively beneficial for the

yuan, with non-dollar currencies expected to play a bigger role in the foreign

exchange market, the newspaper said. The fluctuation of the dollar was an

important reason for the appreciation or depreciation of the yuan in 2017 and

will remain an important influence. But whether the dollar-yuan exchange rate

continues to strengthen depends more on the performance of China's domestic

economy and Chinese government economic policies. China's economic growth is

expected to slow but downside risks are limited, and monetary policy and

financial supervision are very likely remain restrictive, so the yuan won't

experience large jumps or declines this year, the newspaper argued. (China

Securities Journal)