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Yuan's two-way fluctuation the norm: official

(Xinhua)    15:56, May 06, 2014
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BEIJING, May 6 -- Two-way movements will be a normal condition for the value of the Chinese currency renminbi, also known as the yuan, a monetary official said on Tuesday.

In the Shanghai Securities News, Guan Tao, head of the balance of payment department under the State Administration of Foreign Exchange, said, "It is normal for the yuan to either appreciate or depreciate."

The yuan's value has come under the spotlight as its exchange rate against the U.S. dollar declined about 3.5 percent in the first four months of the year, a period in which the country also saw a shrin