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China just published a nasty warning to traders around the world
Don't be stupid. That's the message to yuan traders around the world the Chinese government just published in state media outlet, Xinhua. Stupid, to the Chinese government in this context, simply means having the nerve to short the yuan, the country's currency. The yuan has been depreciating in value steadily since December, becoming a source of volatility in global markets. This runs counter to the government's desire to let the currency stabilize. That's why, in an editorial written by a known alias of the Chinese government, authorities told the shorts to drop dead [emphasis ours]. Some people believe that the ... (full story)
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