BEIJING， Nov. 16 (Xinhua) -- China's yuan fell for a ninth consecutive day on Wednesday， but experts believe there is no basis for substantial depreciation in the longer term.
The central parity rate of the yuan weakened 97 basis points to 6.8592 against the dollar， according to the China Foreign Exchange Trading System.
It is the yuan's weakest level against the dollar in over eight years， and the longest losing streak since December 2015.
The recent yuan depreciation is partly due to stronger expectations of an interest rate increase by the U.S. Federal Reserve， said Zhong Yue， analyst at Forextime Ltd.， a global online foreign exchange transaction provider.
Political uncertainties have eased in the United States after Donald Trump defeated Democratic candidate Hillary Clinton in the presidential election， leading to a stronger dollar and an expectation of a U.S. interest rate hike.
China's economy expanded 6.9 percent in 2015， the slowest pace in a quarter of a century. Despite signs of stabilizing in recent months， the country is still having a hard time managing an increasingly overheated property market and stemming capital outflows.
Trade relations with the U.S. are expected to be dreary as Trump has threatened a 45-percent tariff on imports from China.
Facing uncertainty in China-U.S. trade， it is possible that China may take the opportunity to release the pressure in advance， allowing the yuan to weaken somewhat as the dollar rises， said Huili Chang， analyst at China International Capital Corp.@@ Yu Yongding， economist and former central bank advisor， applauded the central bank for decreased intervention in the yuan's exchange rate， saying it will help ensure monetary policy independence.
"There is no need to fear the depreciation of the yuan. Currently， the benefits of a weaker yuan outweigh the downsides， as a weaker yuan is conducive to boosting exports and curbing capital outflows，" Yu added.
Last week， trade data showed China's exports and imports fell year on year in October due to weak domestic and global demand.
China has the world's largest currency stash. It fell to 3.12 trillion dollars at the end of October， down 45.7 billion dollars from a month earlier， marking the lowest level since March 2011. However， a stronger dollar accounts for much of that change.
Looking ahead， the yuan may come under short-term pressure but have limited room for further weakening.
Analysts also ruled out the possibility of substantial depreciation in the longer term as China continues to witness steady economic growth， progress in economic restructuring and a stable financial market.
"There is no basis for a sustained depreciation trend for the yuan， and we maintain the forecast of 6.98 for the end of 2017，" Chang said.
Because there is enough fuel in the tank to achieve the government's target of 6.5 to 7 percent economic growth for the year， analysts also think room for further monetary easing is limited.
In China's spot foreign exchange market， the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day. The central parity rate of the yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
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, April 19 (Xinhua) -- A terrorist involved in a deadlyattack on a security checkpoint in Egypt's South Sinai was killedon Wednesday, Egyptian interior ministry said.
The ministry said in a press release that security forcesidentified the location where the attacker was hiding and killedhim in a gun battle.
A policeman was killed and four others wounded on Tuesday in anattack on a security checkpoint near Egypt's Saint Catherine'sMonastery in South Sinai.
The attack came several days after two bombings on churchesclaimed by Islamic State (IS) killed 47 people.
Egypt has been suffering anti-security attacks mainly in NorthSinai, from where IS takes a base of its attacks. Hundreds ofsecurity men have been killed in the attacks.
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, however, have been rare in recent years.Enditem
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, Dec. 14 (Xinhua) -- Two more bodies were recovered on Sunday from the Red Sea's Gulf of Suez where an Egyptian vessel ship collided earlier in the day with a passing container ship, official MENA news agency reported.
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, said the report.
Egyptian rescue teams, aided by one helicopter, are still scouring the area near South Sinai town El-Tor in search of 14 fishermen who are still missing.
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, named Badr Islam, had 40 fishermen onboard when a Kuwaiti cargo ship rammed into it at dawn time.
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, smashed into the fishing vessel 50 kilometers away from Hurghada port, MENA quoted spokesman for the Red Sea Port Authority Abdel Rahim Moustafa as saying.
Meanwhile, Egyptian naval forces seized the cargo ship that caused the sinking of the Egyptian fishing vessel in Gebel El Zeit's Red Sea area between Ras Ghareb and Tor Sinai port.
Egypt has a shocking history of sea disasters; the worst was in 2006 when some 1 Camiseta Jan Oblak Atletico Madrid
,000 people, mostly Egyptians, were killed when a passenger ferry sailing from Saudi Arabia to Egypt caught fire and sank in the Red Sea.
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, lack of interest in intimacy is expected but persistent or recurrent episodes of low libido are a topic of concern. Especially, for couples who feel that the highs and lows in their relationships are caused due to the low libido in the female partner.
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