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China moves to curb yuan rally pressure due to hot money and export concerns

Summary:
[unable to retrieve full-text content]The rapid appreciation in the yuan’s exchange rate has resulted in capital inflows and given rise to concerns about its effect on exports and China’s manufacturing competitiveness, with policymakers making moves this week to curb its ascent.For now, the People’s Bank of China (PBOC), the nation’s central bank, has not intervened directly to halt or reverse the currency’s appreciation, but instead is relying on a series of measures that are meant to boost the ability of Chinese investors to buy…

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[unable to retrieve full-text content]
The rapid appreciation in the yuan’s exchange rate has resulted in capital inflows and given rise to concerns about its effect on exports and China’s manufacturing competitiveness, with policymakers making moves this week to curb its ascent.For now, the People’s Bank of China (PBOC), the nation’s central bank, has not intervened directly to halt or reverse the currency’s appreciation, but instead is relying on a series of measures that are meant to boost the ability of Chinese investors to buy…

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