The yuan will appreciate in the long term and existing exchange-rate volatility is temporary only, People's Bank of China statistics department head Sheng Songcheng said Thursday. "Yuan appreciation and a net capital inflow trend will remain intact in the long run," Sheng said in an article. Existing exchange-rate volatility and capital outflows are short-term, temporary responses by the market, Sheng said. The effects of a U.S. Federal Reserve rate rise, as well as slowing growth and worsening corporate profitability in China, have fueled yuan exchange-rate volatility. "But these factors are temporary. ... (full story)