China's Economic Information Daily with a commentary piece on the front page
(Sending a message, eh?)
- Yuan to be basically stable
- At a reasonable equilibrium level
- Capital in and outflows to be more active and more stable, steps made to open up an also to boost demand
- PBOC to use macro-prudential tools to conduct counter-cyclical adjustment when necessary
- Yuan fall recently due to stronger USD
Comforting words indeed. Or, intended to be at least.
