China’s yuan has strengthened more than 1 per cent so far this week, reaching 6.4604 to the US dollar on Wednesday. Photo: Reuters China’s yuan has strengthened more than 1 per cent so far this week, reaching 6.4604 to the US dollar on Wednesday. Photo: Reuters
China’s yuan has strengthened more than 1 per cent so far this week, reaching 6.4604 to the US dollar on Wednesday. Photo: Reuters

China economy

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

  • Chinese yuan has further strengthened more than 1 per cent so far this week, with the central parity rate reaching 6.4604 to the US dollar on Wednesday
  • Changes announced this week indicate a pivot in the central government’s attitude towards outflows, at least in part, due to the yuan’s sharp rise since May

Topic |   China economy
China’s yuan has strengthened more than 1 per cent so far this week, reaching 6.4604 to the US dollar on Wednesday. Photo: Reuters China’s yuan has strengthened more than 1 per cent so far this week, reaching 6.4604 to the US dollar on Wednesday. Photo: Reuters
China’s yuan has strengthened more than 1 per cent so far this week, reaching 6.4604 to the US dollar on Wednesday. Photo: Reuters
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