Teething problems

Category: Asia, China, Global
By Hui Ching-hoo

Time for authorities to do the walk instead of the talk on RMB internationalisation

RMB devaluation has triggered market jitters through fears that the Chinese currency is at the end of its extended one-way appreciation against the greenback. As a result, Beijing and the People’s Bank of China (PBOC) have taken steps to address the building wave of negative speculation

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