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China's Central Bank Defends Yuan Stability | Hong Kong News
China's central bank has asserted that it has no intention of depreciating the yuan to gain a trade advantage, countering claims from Western critics. Amid ongoing trade discussions with the EU, they noted the yuan has actually strengthened against the US dollar this year, contrary to expectations. The bank advocates for market-driven exchange rates and warns against attributing domestic issues to currency fluctuations. Additionally, China plans to increase foreign exchange data transparency by www.TheDailyNewsNow.com This is an automated, high-level news summary based on public reporting and…
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