Moves

Morgan Stanley in biggest yet international NPL deal with China Huarong

China''s non performing loan problem is huge. So far, lack of transparency and valuation problems have slowed progress, but Morgan Stanley''s dea, the first of its kind in terms of scope, provides hope.

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The Chinese yuan is:



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Overvalued versus the dollar
  23%
 
Undervalued versus the dollar
  50%
 
At fair value versus the dollar
  27%
TOTAL VOTES: 70
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