MNI with more detail on the China Securities Journal yuan piece
- There's little possibility that the yuan will depreciate further
- China's economic fundamentals remain strong
China Securities Journal citing 'experts'
Also, from Liu Yuhui, professor at the Chinese Academy of Social Sciences:
- There has been some pressure built up since 2012 for the yuan to depreciate
- That needs to be released
- PBOC may just pick a suitable time to allow that depreciation pressure to be released
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IMO that's all b/s
The yuan will depreciate further, but its on pause at present until things calm down a little.
