Beijing's devaluation seen as means to fully liberalise yuan
Actions by Beijing authorities are actually clear signals of its resolve to stabilise growth
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Singapore
BEIJING's recent depreciation of the yuan is actually an understandable approach towards the full liberalisation of the currency that is ultimately aimed at boosting growth in China, said a Singapore-based senior analyst on Friday.
This is a logical step to take to calm nerves, as China faces a maelstrom of negative market forces shaking the country's financial stability now, Heng Koon How, foreign exchange strategist at Credit Suisse, told The Business Times.
