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China won't risk sudden fall in yuan: JP Morgan

Wednesday, November 4, 2015 - 05:50

IMF has told China the yuan is likely to join its reserves basket soon, according to Chinese officials.


CHINA'S central bank will keep the yuan stable even after the International Monetary Fund decides on whether to include it in its basket of reserve currencies, according to JP Morgan Chase & Co.

The nation won't risk a sudden drop for fear of harming an economy forecast

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