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Stronger RMB could stay the heavy hand of Beijing

Image by Markus Winkler from Pixabay

China’s move to exert less control over its currency is indicative of a more open approach to allow market forces to determine the future of its economy. The move is emerging as a sliver of hope in a tepid economic environment globally. A less Orwellian control of the economy could indicate an evolution into the characteristics of the world’s largest…

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