Remarks from PBOC governor, Yi Gang, from a meeting in 18 May
- China remains confident in keeping yuan stable at a reasonable level
- Factors supporting yuan includes lower chance of a Fed rate hike
- Says that the yields spread between 10-year US and China bonds are in a "relatively comfortable range"
Expanding from the earlier remarks that were reported here. Nothing much of note as these comments were from two weeks ago, during the time when the yuan was under a bit of pressure with USD/CNY heading towards 7.00.
