Bloomberg with the headline

From China Daily

No further details at this stage

Here we go, more (via Bloomberg):

  • The recent yuan fall was a reasonable response to stronger USD after Trump's election win & fed rate hike
  • Expects China eco growth to be about twice as fast the US in coming years, inflation unlikely to be higher
  • US national debt could soar if Trump honours his spending promises
  • So yuan to become stronger against USD in future

--

Fan Gang writing in the China Daily

Fan Gang

  • An advisor to the Monetary Policy Committee of the People's Bank of China
  • professor at the Graduate School of Chinese Academy of Social Sciences (CASS) and at the Peking University HSBC Business School
  • Director of China's National Economic Research Institute
  • Secretary-General of the China Reform Foundation

But is he happy?
:-D