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Bears scramble for yuan as China chokes flows

Unit is now increasingly scarce outside nation's borders; offshore yuan surges most on record

Beijing

CHINA'S efforts to choke capital outflows are beginning to pay off, with the offshore yuan surging the most on record as traders scrambled for a currency that's becoming increasingly scarce outside the nation's borders.

The yuan gained 0.5 per cent at 6:48pm in Hong Kong,

sentifi.com

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