China won't risk sudden fall in yuan: JP Morgan

Beijing

CHINA'S central bank will keep the yuan stable even after the International Monetary Fund decides on whether to include it in its basket of reserve currencies, according to JP Morgan Chase & Co.

The nation won't risk a sudden drop for fear of harming an economy forecast to grow at the slowest pace in 25 years, said Zhu Haibin, JPMorgan's chief China economist. While Commonwealth Bank of Australia cited recent int…