This chart is updated through Friday, more clearly showing how, if the trend continues, the PBOC will have to decide whether it will follow the market lower or force the renminbi higher and risk secondary losses (such as U.S. dollar outflows).
Construction sector drives jump in insolvencies
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New data from the Australian Securities & Investments Commission (ASIC)
shows a big jump in external administrations in March, with 7,742 firms
going und...
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