Reported about 10 hours ago
In response to the yuan's drop near record lows against the dollar, China has intensified its support measures, vowing to address market disruptions and adjusting capital controls. The People's Bank of China (PBOC) aims to stabilize the currency by enhancing foreign-exchange market management and increasing overseas borrowing limits to attract capital inflows. Although these efforts have temporarily helped the yuan resist declines amid a wider Asian selloff, concerns remain over potential economic pressures from external factors like U.S. tariffs and interest rate disparities.
Source: YAHOO