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Analysis-As yuan skids, markets bet more depreciation is in store

China's yuan is sliding and market participants suspect authorities are deliberately but slowly engineering a light depreciation of the currency, both to complement an easy monetary policy and to support exports. While the yuan has declined roughly 2% this year against the dollar, it has become relatively less competitive as Japan's yen and currencies of other neighbours South Korea, Thailand and Taiwan drop more sharply. The People's Bank of China (PBOC) also appears to have loosened its grip on the yuan, allowing it to fall to the weak side of the 7.2-per-dollar level that state-owned banks had staunchly defended in the past, though it has continued to lend some support through stronger-than-expected settings of the daily mid-point for the currency. ....

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Analysis-As Yuan Skids, Markets Bet More Depreciation Is in Store

Analysis-As Yuan Skids, Markets Bet More Depreciation Is in Store
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

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Shanghai Children's Book Fair Changes Venue and Dates

Moving its dates for a third time this year, the Shanghai Children's Book Fair is changing venue in an effort to host the event in December. ....

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Rights Edition: Shanghai International Children's Book Fair Postpones Again

Having made a move this year from March to July, the trade show and book fair now is postponed to November. ....

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Amazon's Plan to Take the Kindle Off the Chinese Market

'We remain committed to our customers in China," an Amazon spokesperson says, although Kindle sales will end June 30, 2023. ....

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