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China: Yuan stable against basket in January

Two out of three RMB exchange rate indices were slightly above 100 - showing stability against other currencies

YUAN HOLDS ITS OWN: Currently, the performance of China's economy is basically stable at a leading growth rate among major economies, with adequate foreign exchange reserves and a sound financial system.

ON Jan 29, 2016, the China Foreign Exchange Trade System (CFETS) RMB (renminbi) exchange rate index closed at 100.15, depreciating 0.78 per cent from the end of 2015.

The RMB exchange rate indices based on the BIS (Bank for International Settlements) basket and the SDR (Special Drawing