How Can China Keep the Yuan Stable Amid Heightened Global Uncertainty
The redback is a window for risk to enter the country’s financial system — the PBOC must grow its toolbox for managing the exchange rate
The yuan’s exchange rate has a significant impact on international trade, and it is also a channel for financial risk to spread into China from overseas. Therefore, it is crucial to keep it stable, and the People’s Bank of China (PBOC) has developed a slew of tools to do just that.
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