Yuan Unlikely To Depreciate Sharply-Herald

The Chinese yuan will remain resilient in Q3 with no possibility of a significant depreciation, wrote Ying Xiwen, senior researcher of China Minsheng Bank Research Institute, in an article published in the 21st Century Business Herald. The currency is supported by the resilience of the Chinese economy with an improved manufacturing supply chain, alongside secure energy and food supply lines, as well as moderate inflation pressure, wrote Ying. China's balance of payments will remain basically balanced as the trade surplus in goods and growing direct investment will not change, Ying added.