The People's Bank Of China headquarters in Beijing. On Wednesday, China set the yuan at its lowest level against the greenback in five years. Photo: Bloomberg

China looks for clues to US Fed’s intentions as punters eye rate rise in June

Beijing puts up brave face against possible moves by the Fed next month to pad rates, but anticipation of higher borrowing costs could spook an already fragile recovery

Topic |   China economy

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The People's Bank Of China headquarters in Beijing. On Wednesday, China set the yuan at its lowest level against the greenback in five years. Photo: Bloomberg
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