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Why China's currency is strengthening and what it means for the rest of the world?

Updated : January 14, 2021 10:44 PM IST

Yuan has shot up to its strongest level in two and a half years against the US Dollar in 18 months.
This strength in currency means a brighter outlook for global growth; it promises to fire up bets on looser international financial conditions.
Why China's currency is strengthening and what it means for the rest of the world?

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