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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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 "impossible trinity", as China's ruling Communist Party seeks to control the exchange rate and monetary policy, while at the same time moving to freer capital flows, analysts said.
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