China talks markets 
out of a run on the yuan
SINGAPORE: In recent months, China has sought to stabilise the yuan by orchestrating buying by state banks and giving market guidance to bankers.
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SINGAPORE: In recent months, China has sought to stabilise the yuan by orchestrating buying by state banks and giving market guidance to bankers.
SINGAPORE (Reuters) - In recent months, China has sought to stabilise the yuan by orchestrating buying by state banks and giving market guidance to ba...
This year, as China's economy wobbled and money left the country, the PBOC took a starkly different approach, defending the currency by signalling to markets what kind of selling it would and would not tolerate.
Yuan's value determines the price of goods around the world and trillions of dollars in capital flow
SINGAPORE : In recent months, China has sought to stabilise the yuan by orchestrating buying by state banks and giving market guidance to bankers.The strategy of moral suasion marks a sharp break from Beijing's approach the last time the currency was on the ropes, in 2015.Back then, the People's Ba