This Is How China Manages the Yuan: QuickTake

Monitoring how the People’s Bank of China handles its “managed float” system for the foreign-exchange market isn’t straightforward: The central financial institution has numerous instruments at its disposal, each public and hidden. Some are extra clear, like the each day reference charge; others are murky, reminiscent of the potential for Chinese authorities to secretly urge banks to not wager in opposition to the yuan in proprietary buying and selling. As the forex declines towards 7 per greenback, the authorities are anticipated to evaluate strategies out there to



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