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Although the yuan faced depreciation....>

MNI (London)
CHINA PRESS: Although the yuan faced depreciation pressure in 2018, the market
has adapted to the fluctuations and there were no panics in the forex market,
China Business News reported late Tuesday, citing Guan Tao, former director of
the Balance of Payments Department at the State Administration of Foreign
- This is positive progress that will be conducive to the liberalization of the
foreign exchange market. "To liberalize the market, we must let the exchange
rate leverage play an important part, and allow investors to buy at a low price
and sell at a high price", Guan said, CBN reported.
MNI London Bureau | +44 203-865-3812 |
MNI London Bureau | +44 203-865-3812 |

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