China press (Economic Daily, via Bloomberg) on comments from a People's Bank of China adviser on the yuan
- China is able to keep yuan basically stable, at a reasonable equilibrium level
- has ample reserves
- many policy tools to deal with yuan fluctuation
- should let the market play a bigger role in setting exchange rate
- should enhance the two way flexibility of the yuan
Yeah, OK thanks for all that.
China returns from holiday today after a week off.
