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	<title>currency war &#8211; RFR</title>
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	<description>GLOBAL MACRO AND THEMATIC INDEPENDENT RESEARCH</description>
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	<title>currency war &#8211; RFR</title>
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		<title>Shift Afoot in China?</title>
		<link>https://richesflores.com/2014/02/28/shift-afoot-in-china/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Fri, 28 Feb 2014 15:45:45 +0000</pubDate>
				<category><![CDATA[China]]></category>
		<category><![CDATA[GLOBAL MACRO]]></category>
		<category><![CDATA[currency war]]></category>
		<category><![CDATA[Exchange Rate]]></category>
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					<description><![CDATA[Just noise or a real signal? The hypothesis that the sudden drop in the Chinese currency in recent days is unlikely to have major repercussions and has been orchestrated by the authorities in the sole aim of curbing speculative currency flows on the currency, is not completely unfounded given the wide-scale efforts to eradicate the growing sources of shadow banking. <br/>
However, the reasons liable to underpin a strategic shift with a view to provoking the yuan’s depreciation are more than sufficient to support the theory that a forex policy shift is afoot in Beijing - with much more potential damage occurring abroad. The appreciation of the Chinese currency is a major handicap for the country and cannot, by all accounts, continue indefinitely. Consequently, the time of the much-feared policy shift, which we have been fearing for several quarters now, may have finally come]]></description>
		
		
		
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