The best thing for the renminbi is to remain stable here, but the recent rally to May levels certainly puts a damper on concern of renminbi declines here. The PBOC doesn't want to see the renminbi strengthen either, however, since it will hurt the export sector and facilitate dollar purchases by Chinese, who continue to diversify out of the renminbi.
Casino Mooted for Country Garden Malaysia Project and More Asia Real Estate
Headlines
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Malaysia’s prime minister is hoping to persuade some patriotic tycoons to
open a casino in Johor to revive an ill-fated Country Garden project, with
that...
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