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On October 8, the People’s Bank of China (PBOC) released a policy statement titled Policy Position on the Renminbi Exchange Rate, systematically addressing recent debates over the valuation of the renminbi (RMB) and global trade imbalances.
On Oct. 8, the People's Bank of China released a policy statement on the RMB exchange rate, setting out China's official position amid claims by some countries that the RMB is undervalued and should be forced to appreciate.
SHANGHAI: The yuan firmed against the US dollar on Friday as the greenback retreated from an 18-month high, even as China