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China Pushes Yuan Aggressively Higher As Corporate Bonds Implode
Market Depth
China's Aggressive, Huge Move on Multiple Fronts to Strengthen the Yuan
The company needs USD to maintain its current exchange rate with the yuan/nThe Chinese authorities are focused on setting the currency exchange rate/nA strong yuan helps alleviate the impact of upcoming defaults on USD loans/nKeeping the yuan stable is crucial to prevent further problems/nChinese corporate borrowers will suffer if the yuan weakens/nThe yuan's performance has a ripple effect on the rest of the market
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