China hasn't intervened in the property market as aggressively as many anticipated. Image: Twitter

Even the most opaque of financial systems are no match for currency traders. Chinese leader Xi Jinping’s team and officials at the People’s Bank of China spent the last week obsessing over a yuan exchange rate plumbing 16-year lows. Xi’s inner circle and PBOC Governor Pan Gongsheng’s currency-management team are warning against speculation in the yuan and […]

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