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4 Jan 2017
China authorities may order state-owned firms to sell dollars - BBG
Bloomberg reports more insights on its previous article - ‘China is considering options to support the yuan and curb outflows’.
Key Headlines:
Authorities may order state-owned firms to sell dollars, may order them to temporarily convert some holdings into yuan
China may also further sell U.S. Treasuries in 2017 if needed to keep the Yuan’s exchange rate stable