3Novices:Has Beijing learnt the right lesson from its yuan mess two years ago?

The situation of the Chinese currency could not be better these days.
Two years after the People’s Bank of China shook global markets with its abrupt 1.9 per cent devaluation of the yuan, the currency is now strengthening steadily against the dollar and China’s foreign exchange reserves have been rising for six months in a row.
The Chinese economy, which grew by 6.9 per cent in the first half of 2017, and the yuan are no longer seen as sources of risk for the global economy.
August 10, 2017 at 07:30PM
#3Novices #News #OnlineMedia #China 3Novices China


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