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Alice de Jongr 08/08/15 : "So while US Republicans and much of the media are yet again declaiming against the undervaluation of the yuan – a nasty Chinese strategy to sell its goods at artificially cheap rates on the world market – in fact the yuan’s midpoint has now become much more market based. In other words, the PBC has done what longtime critics of China’s currency policy have long been clamouring for – let the market play a bigger role in deciding the yuan’s value...
