| The International Monetary Fund (IMF) has said China should continue to provide "greater flexibility" in its exchange rate policy as the country continues to see slower growth. The IMF said the mainland should reduce foreign exchange intervention.
China's currency is widely seen as undervalued and the country was accused for years of suppressing the yuan in order to boost exports. China says it is trying to manage the yuan's value against other currencies. Analysts say that in reality it is still pegged to the dollar...............................................Full Article: Source
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