News Sources wrote an interesting post today on
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Beijing clamps down on forex deals to stem capital flightCNBCChina has tightened its capital controls, in a sharp reversal of its market liberalising rhetoric, as it struggles to contain the fallout from last month's devaluation of the renminbi. The August 11 devaluation unleashed turmoil on global stock markets …China's Forex Reserves Fall by Record $93.9 Billion on Yuan Intervention Wall Street JournalBig drop in China's forex due to normal market operation: Central bank Economic TimesChina's forex reserves fall by $93.9 billion as PBOC intervenes on yuan MarketWatch Dispatch Times  – Reutersall 1,166 news articles »

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