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BUSINESSAug 17 · 08:31 UTCBLOOMBERGBloomberg News

China Reserve Gauge Hits 12-Year High, Smoothing Yuan Rise

China’s key gauge of reserve assets saw its biggest quarterly rise in over 12 years. This was achieved as authorities absorbed heavy foreign currency inflows. Analysts observe that this move helps smooth the overall pace of the yuan’s gains.

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