BEIJING, Oct 19 (Reuters) - China must ensure its currency moves in a controllable manner and not become over-adjusted in response to market forces, the official People's Daily cited a central bank spokesman as reporting on Tuesday.
Adjustments in the value of the yuan must satisfy China's own economic need and not hurt domestic firms' competitiveness in global markets, the spokesman added in remarks published in the overseas edition of the Party newspaper. (Reporting by Langi Chiang and Simon Rabinovitch; Editing by Ken Wills)