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
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
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Yuan
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