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Politics : Formerly About Advanced Micro Devices

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To: ryanaka who wrote (1156030)8/10/2019 1:05:02 PM
From: ryanaka  Read Replies (1) of 1575981
 
"While markets haven’t reacted too strongly to the weakening yuan this week, it is possible that “the yuan could weaken further on unexpected shocks in the future,” Yu Yongding, a researcher at the Chinese Academy of Social Sciences, said in Yichun.

With policy makers seemingly determined to make the yuan more flexible, the PBOC “should be patient and not adjust policies in haste because of short-term market volatility,” Yu said. “It won’t benefit the PBOC’s credibility and won’t benefit forex reform.”"
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