The headline was a little earlier, here. but that's all it was, jus the headline.

MNI have some more detail:

  • Comments from PBOC vice governor Yi Gang, speaking while in Lima for the IMF meeting on the weekend
  • Said China's GDP is expected to rise around 7% this year
  • Said the correction in domestic stock markets is largely done ... declines had limited direct impact on the Chinese economy
  • Repeated that there is no basis for long term yuan depreciation
  • & Yuan exchange rate will remain stable around a reasonable and balanced level