Sentence examples for stable yuan from inspiring English sources

"Our goal is to maintain a basically stable yuan at a balanced and reasonable level," Mr. Wen said.

The normally stable yuan, whose value is closely controlled by Beijing, has come under pressure in recent weeks and months in overseas markets and from capital outflows.

China will maintain its policy of seeking a stable yuan, even as gains against the euro and Asian currencies hurt the nation's exporters, Mr. Wen said.

Prime Minister Wen Jiabao has all but ruled out any significant change in the exchange rate, calling the stable yuan a "cornerstone of China's sustained economic and financial stability and development".

In a classic example of reflexivity, when China's stock market boom turned into July's bust, the government responded with a $200bn attempt to support prices, closely followed by a small devaluation of the previously stable yuan.

China, he added, had kept the yuan stable even as other currencies depreciated.

It has built up $2.45 trillion of reserves thanks to its determination to keep the yuan stable against the dollar.

China held the yuan stable during the financial crisis but in June promised to let it respond more freely to market forces, but since then it has risen only about 2 percent against the dollar.

The Chinese government says it will move towards a more flexible exchange rate in the medium term, but for the moment it wants to keep the yuan stable in order to support broader economic stability.

And China lacks one essential anti-bubble instrument: the ability to raise interest rates.Yuan to do what?To support its exporters China has kept the yuan stable against the dollar over the past year, in effect tying China's monetary conditions to America's.

The authorities appear to want to keep the yuan stable, and will probably ease monetary policy when appropriate, and provide one more fiscal boost in the form of more infrastructure spending, tax cuts, and faster development of the social security system.