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Getting the Yuan Right Means Ignoring What Chinese Leaders Say

  • Yuan drops against basket even as policy makers talk stability
  • `With the PBOC, one can never be sure,' says ANZ's Goh
Li Keqiang

Li Keqiang

Photographer: Qilai Shen/Bloomberg
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Bloomberg News
Updated on

When Chinese officials from Premier Li Keqiang to central bank Governor Zhou Xiaochuan all repeated the same message about the government’s yuan policy, Khoon Goh took them at their word.

That was a mistake.