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China moves to stabilise currency, retreating from effort to ease control

Wall Street analysts say the renminbi should be a bit weaker, though they disagree on the degree
Monday, May 29, 2017 - 05:50

Hong Kong

CHINA has made a big show of gradually loosening its grip on the value of its currency, an effort meant to mollify critics such as President Donald Trump and specialists who have long urged Beijing to let markets fix financial problems in the world's second-largest economy.

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