Photographer: Nelson Ching/Bloomberg

China's Efforts to Squeeze Bets Against the Yuan Haven't Achieved Much

  • Yuan interbank rates in Hong Kong surged to records this month
  • Outflows from China increased to $158.7 billion in December

The cost of betting against the yuan in Hong Kong fell back to where it was at the start of the year, highlighting the shortcomings of China’s attempt to starve the offshore market of funds while flooding domestic banks with cash to support the economy.

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