The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.
How does it do that? More here.
more to come
ps, Bloomberg report:
- “Chinese municipalities are intensifying property support measures by expanding housing subsidy programs and optimizing provident fund rules, moves aimed at lowering home-buying costs and stabilizing a sluggish real estate market..”
This article was written by Eamonn Sheridan at investinglive.com.
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