Unnamed US official cited by Reuters:
- Chinaese authorities have the tools, capacity and resources to address growth challenges
- US watching China FX markets, notes real effective yuan appreciation 'substantial' in the past year
- Critical for China to move ahead with market oriented reforms
- China should clearly communicate policy intentions and actions
He noted that the real yuan depreciation recently has been less than 3%.
The yuan has quietly been strengthening over the past week.
