An article in China's Financial Times points out that compared to the statements from the third quarter meeting, the press release from the central bank's fourth quarter meeting conveys a clearer and stronger signal for stabilizing the Exchange Rates. It has deleted the expression "enhance the elasticity of exchange rates" and emphasized "strengthening market management, resolutely dealing with behaviors that disrupt market order, firmly preventing the formation of unilateral consistent expectations that may become self-fulfilling, and resolutely preventing the risk of excessive exchange rate deviations." It restores the previous expression of the 'three resolutes,' showing the People's Bank's firm determination to maintain the stability of the renminbi exchange rate, which is also an important basis for determining the future direction of Exchange Rates policy, beneficial for stabilizing Forex market expectations. Past experiences of multiple rounds of appreciation and depreciation of the renminbi exchange rate indicate that the People's Bank has sufficient tools and rich experience to deal with renminbi depreciation, capable of maintaining the renminbi exchange rate at a basically stable level while ensuring it remains reasonable and balanced.