Renminbi rally puts Beijing in a bind
A stronger currency suits Beijing's global ambitions, but threatens exporters. Economists warn the PBOC's latest intervention reveals a delicate balancing act.
November 05, 2026
In China, you get the curious juxtaposition of the world's finest, largest, and most sophisticated companies competing in one of the world's most difficult, and on a per capita basis, poorest economies.
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