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Bears scramble for yuan as China chokes flows

Unit is now increasingly scarce outside nation's borders; offshore yuan surges most on record
Friday, January 6, 2017 - 05:50


CHINA'S efforts to choke capital outflows are beginning to pay off, with the offshore yuan surging the most on record as traders scrambled for a currency that's becoming increasingly scarce outside the nation's borders.

The yuan gained 0.5 per cent at 6:48pm in Hong Kong,

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