PBOC: Iron Grip On Yuan Could Make It Worse

Posted on by http://wealthcreation.club
🇨🇳 🇨🇳 The PBOC has spent much of the year trying to steady its currency which has fallen to a 16-year low against the dollar. But despite some benefits to the economy from a weaker yuan, Beijing is wary of giving the message that it’s greenlighting depreciation, which could result in even sharper declines and worsen capital outflows

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