The PBOC has fine-tuned the pricing model in the last couple of years by taking reference to the yuan-dollar closing price and the yuan’s value against a basket of currencies. Photo: Reuters

China’s mysterious new yuan formula ‘no big quick fix for market volatility’

The PBOC has fine-tuned the pricing model in the last couple of years by taking reference to the yuan-dollar closing price and the yuan’s value against a basket of currencies. Photo: Reuters
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