Yuan Depreciated Due to China’s Capital Outflow Increases
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11 views • September 10, 2022

https://gnews.org/post/p1jhk4137

09/08/2022 Spotlight on China: Capital flows have been pulling out of China as the local currency continues to slide against the U.S. dollar. Over the past months, the Yuan lost 2.7%, breaking the threshold of seven yuan per U.S. dollar. To stem further depreciation, the central bank may increase offshore bill issuance to absorb the offshore Yuan liquidity

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