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'Beggar thy neighbour' devaluations unlikely: analysts

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Mr Koll says China "will not bring currency wars to Asia" because it wants the yuan to become Asia's reserve currency of choice. So the yuan has to be defended as a strong and stable currency.

Tokyo

DEVALUATION of the Chinese yuan is "unlikely to mark the start of competitive currency devaluations in Asia", according to veteran financial analyst Jesper Koll, who has added his voice to those calling for a more rational appraisal of China's move than markets demonstrated last