More from deputy governor of the PBOC: Will prevent sharp fluctuations in the yuan

Jawboning from the People's Bank of China on the yuan.

Liu Guoqiang, deputy governor of the People's Bank of China:

• It's not good to see yuan exchange rate too high or too low
• Will prevent sharp fluctuations in yuan
• Expects china's economy to improve
• China's cross-border capital flows are basically balanced
• Moves in yuan exchange rate will not be one-way

And, more, these from Zou Lan, head of the monetary policy department at the bank:

• There is ample room, various polices tools to cope with challenges
• Will use policy tools such as reserve requirement ratio and medium-term lending facility
• Will innovate new policy tools if needed

Earlier comments from Liu are here:

• People's Bank of China Deputy Governor says Bank has ample policy tools