This was out a little earlier today via the Bloomberg
A report (front page, no less) in the China Securities Journal, citing 'analysts' (maybe its Goldman Sachs? Goldman Sachs sees limited room for further yuan falls)
- There is little risk of further sharp yuan depreciation against the US dollar
- Externally, the US dollar rise against other currencies was the reason for the recent depreciation
- Domestically it was due to the deviation of economic fundamentals and monetary policies between China and the US
- The recent yuan adjustment won't cause instability