China Press: PBOC’s Fan sees no cause for yuan to slide

Fan Gang, a member of the PBOC monetary policy committee, was quoted as saying by the China Securities Journal, that there is no catalyst in the Chinese economy at present to pressure the yuan down in the future.

Mr. Fan also noted that the latest economic data showed that the Chinese economy was stabilizing; adding that deflation had ended, overcapacity and corporate debt issues were starting to get resolved.