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China grapples with contradictions over currency

Some say Beijing will need to devalue the yuan, but the disruption will negatively affect currency's status

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China has been diving into its foreign exchange reserves - already the world's largest - to buy massive amounts of yuan.

Beijing

CHINA is struggling to reconcile its push for economic reforms and a freely traded currency with curbing massive outflows of capital sparked by worries over its slowing economy - and a lack of communication is fuelling fear.

The thorny problem represents the so-called "

sentifi.com

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