Analysis-After battle with yuan bears, China is now keen to avoid sharp currency gains
Having spent all year trying to put a floor under the tumbling yuan, Chinas central bank is suddenly faced with the opposite problem and is turning to subtle ways to stop the currency from appreciating sharply.
Posted by Hicham ALAOUI RIZQ on 2024, Aug 23
Introduction
Having spent all year trying to put a floor under the tumbling yuan, Chinas central bank is suddenly faced with the opposite problem and is turning to subtle ways to stop the currency from appreciating sharply.
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