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For years, policymakers thought it was not worth trying to get Beijing to stop manipulating the renminbi, yet that view was mistaken. They ignored the fact that the Chinese were...
The latest stop on the renminbi’s whistle-stop tour to international stardom is Taiwan. From now on, Taiwanese banks will be able to clear transactions in the “redback”,...
The recent slight decline in the value of the renminbi versus the dollar has decreased the amount of the PBOC’s liabilities in relations to its assets and has therefore marginally...