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PBOC Steps Up Yuan Support
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PBOC strengthens yuan support, sets daily reference rate at 7.1140 per dollar, in response to Moody's credit outlook downgrade for China.
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How might the PBOC's actions to support the yuan impact China's economic stability and global currency markets?
In what ways could the PBOC's intervention reflect broader trends in global currency management and economic policies?
What strategies could China employ to address the challenges posed by the Moody's downgrade and the economic slowdown?
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