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China shares took a late-day tumble on Wednesday, with the Shanghai Composite Index closing below the 3000 level for the first time since August, even as a steadier yuan helped shares elsewhere in ...
But 25 years later, the yen’s plunge has the globe wondering anew about how China might respond. Of course, we need to wonder what officials in Tokyo might do, too.
Since 2020, the yen has tumbled against the offshore yuan, helping push China’s economy into deflation, Citigroup Global Markets Head of Asia Trading Strategy Mohammed Apabhai told Bloomberg TV.