Ex-PBOC adviser Yu: China cannot depreciate CNY more than 25% vs USD in 2017

In an interview with Economic Information Daily, a former PBOC adviser, Yu Yongding, comments on Yuan depreciation and capital outflows.

Key Headlines via Reuters:

China cannot let its yuan currency depreciate more than 25 percent against the dollar in 2017

China will continue to face pressures from capital outflows and currency depreciation in 2017