China expects 'relatively stable' yuan in 2016

People's Bank of China Governor Zhou Xiaochuan said the world's number-two economy was expected to stabilise after posting its slowest growth in more than a quarter of a century last year, with benefits for the yuan.
    "Under these circumstances, we believe this year that the yuan exchange rate will be relatively stable," Zhou said in Beijing.
    He added however that "no one can predict exactly what uncertainties and events" will impact the yuan.
    "Of course, the foreign exchange market is always very sensitive, and will follow the overall global economy, as well as continuing fluctuations in China." 
    The country has struggled to prop up the yuan in the face of a huge flight of capital as the prospects of better and safer returns overseas entice investors away from the Chinese market.