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What's behind the RMB devaluation fears again?
ON Jan 7, the PBOC set the USD-CNY fixing 0.5 per cent weaker than the previous day, the biggest decline since the Aug 11, 2015 move when the PBOC changed the calculation mechanism for the fixing. This set off another round of renminbi (RMB) devaluation fears, triggering a second sell-off of A-
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