BEIJING, Jan. 13 (Xinhua) -- No basis exists for continued depreciation of the renminbi (RMB), or the yuan, and in 2016 China is capable of keeping the currency "basically stable" to a basket of currencies, economists said. The yuan weakened notably by 1.5 percent against the U.S. dollar this past week, the largest weekly decline since August. The short-term volatility of the yuan is partly due to rising anxiety over the weakening of the currency, triggering capital flight, said Liu Ligang, chief economist for ANZ greater...
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