China Eases Currency Controls in Move Toward Liberal Yuan
- Removing counter-cyclical factor was latest step by Beijing
- Foreign inflows help underpin currency, paving way for reform
A growing consensus among analysts is that the yuan has every reason to stay strong, even if appreciation happens at a slower pace from now.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
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China has taken more steps this month to loosen its grip on the yuan than at any time since curbs were imposed in the aftermath of a chaotic devaluation in 2015.