The yuan's exchange rate has a significant impact on international trade, and it is also a channel for financial risk to spread into China from overseas. Therefore, it is crucial to keep it stable, and the People's Bank of China (PBOC) has developed a slew of tools to do just that. This article will give an overview of these tools, analyze their effectiveness, and posit some monetary policy suggestions.

https://www.caixinglobal.com/2023-06-10/weekend-long-read-how-can-china-keep-the-yuan-stable-amid-heightened-global-uncertainty-102064439.html

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