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China: The State Council expanded the RMB floating band to stimulate exports and growth

  Author: Jinyue Dong ( BBVA Research )
 July, 2015
  Price: FREE

Abstract:

Today, the State Council of China promulgated a series of new policies to stimulate exports and support growth, in response of the recent economic headwinds and stock market crash. The most important one is to expand the RMB floating band, after three expansions since the 2005 exchange rate reform, which will further promote financial liberalization.
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