Mon, Mar 17, 2014 - Page 15 News List

Beijing doubles yuan trading band

ROOM TO MOVE:The increase is to make the exchange rate more market-based and allow capital to flow more freely in and out of China for investment purposes

Bloomberg

“Yuan depreciation could support exports, and capital outflow will drain domestic liquidity and open the window for reserve-requirement ratio cuts by the PBOC,” they said.

Zhu cut his growth estimate for this year to 7.2 percent from 7.4 percent two weeks ago.

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