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China “playing a dangerous game” with RMB

Richard Newell
In allowing its currency to be subject to so much speculation, Beijing risks investors losing faith in mainland assets, says Julius Baer's Asia head of research.
China “playing a dangerous game” with RMB

China is playing a dangerous game allowing its currency to be subject to so much speculation at a time of heightened volatility in global markets, argues Mark Matthews, Asia head of research at Swiss private bank Julius Baer. Uncertainty about the renminbi was a key driver of the 7% fall in mainland stocks on Monday, he said.

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