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China’s Battle to Manage Slowing Growth
September 10 — China will open its domestic foreign-exchange market to overseas central banks, making it easier for other nations to hold yuan assets as Asia’s biggest economy pushes for the currency to win reserve status at the International Monetary Fund. Premier Li Keqiang likened managing slowing growth to a “Chinese chess game,” balancing short-term stimulus moves against longer-term reform efforts to open up the world’s second-largest economy.
