China Gives Market More Say in Setting Yuan’s Value

, a move analysts said was likely intended to boost the currency’s international appeal rather than to drive it lower.

In onshore markets, the yuan is allowed to trade only in a narrow range around a daily midpoint set by the central bank. That level is set using previous traded prices from Chinese banks, but until now banks have sometimes adjusted their inputs using what is known as a countercyclical factor.

They got their money in Africa dont trust them their tryna monument their money around the world making it more diversified without them actually showing and proving their people are fairly working with others.

Wtf TonyBobulinsky

why I am not surprised

Either the market has the complete say or doesn't.

horrible

Yeah coz China needs money to buy some polititians.

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