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China companies accelerated.............>

CHINA PRESS
CHINA PRESS: China companies accelerated foreign-exchange sales to stop losses
as the yuan has appreciated in the past month and stricter foreign-investment
controls have reduced their need to hold U.S. dollars, the 21st Century Business
Herald reported Tuesday. China companies have started selling dollar assets
because of concerns over U.S. stock market valuations and as the Donald Trump
administration continues to encounter delays in implementing its economic
policies, the report said. Forex sales have also been attributed to
underestimation of "counter-cyclical" factors on the yuan exchange rate, it
said. (21st Century Business Herald)

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