�No reason for yuan to fall further�

AFP, SHANGHAI: China’s central bank chief has blamed foreign speculators in part for volatility in the yuan and said there is no basis for further depreciation, according to an interview in Caixin magazine.
The Chinese economy grew 6.9 per cent in 2015 -- the slowest rate since 1990 -- and capital has been flowing out of the country due to worries over flagging growth, causing the currency to weaken.
“International speculative forces have recently focused on shorting China,” People’s Bank of China governor Zhou Xiaochuan said, according to a transcript of the interview posted on the bank’s website Saturday.

�No reason for yuan to fall further�

AFP, SHANGHAI: Chinas central bank chief has blamed foreign speculators in part for volatility in the yuan and said there is no basis for further depreciation, according to an interview in Caixin magazine. The Chinese economy grew 6.9 per cent in 2015 -- the slowest rate since 1990 -- and capital has been flowing out of the country due to worries over flagging growth, causing the currency to weaken. International speculative forces have recently focused on shorting China, Peoples Bank of China governor Zhou Xiaochuan said, according to a transcript of the interview posted on the banks website Saturday.