Stable forex market likely this year

Resilient economy, opening-up to keep yuan on an even keel, says regulator

China will witness a largely stable foreign exchange market and a more balanced international payment system this year, the nation's currency regulator said on Friday.

The resilient Chinese economy, the ongoing opening-up, and a vastly improving foreign exchange market will help to stabilize the yuan, said Wang Chunying, a State Administration of Foreign Exchange spokeswoman.