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Exclusive: China ready to slow yuan descent, worried about capital outflows

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The central bank is following the trend as the dollar is rising. It's not necessary for it to resist market forces," said one policy adviser. "Appropriate yuan depreciation will be good for stabilizing market expectations and the economy, as long as there is no sharp, runaway depreciation."
5 months ago
Sky Canaves
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.
China in 2 minutes a day
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