Analysts believe that in the current bout of sharp declines in the value of the yuan, policymakers have refrained from intervening in the currency market and imposing restrictions. Photo: AP Photo
Analysts believe that in the current bout of sharp declines in the value of the yuan, policymakers have refrained from intervening in the currency market and imposing restrictions. Photo: AP Photo
Yuan

China’s central bank has its eye on the bigger picture as it allows market forces to dictate speed of yuan declines

Most analysts believe the yuan could weaken further without causing market panic

Analysts believe that in the current bout of sharp declines in the value of the yuan, policymakers have refrained from intervening in the currency market and imposing restrictions. Photo: AP Photo
Analysts believe that in the current bout of sharp declines in the value of the yuan, policymakers have refrained from intervening in the currency market and imposing restrictions. Photo: AP Photo
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