China's Central Bank Tightens Scrutiny on Bulk Dollar Purchases by Domestic Firms In recent develo

China’s Central Bank Tightens Scrutiny on Bulk Dollar Purchases by Domestic Firms

In recent developments, China’s central bank has intensified its scrutiny of bulk dollar purchases by domestic firmssignaling a significant shift in its currency policy. This move comes at a time when the Chinese currency, the yuan, is facing mounting depreciation pressure. In this article, we will delve into the details of this development, its implications …

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