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Fri, 23 Apr 2021 14:36   Reuters

China plays down concerns of excess foreign debt amid US Federal Reserve monetary easing

China has not accumulated excessive foreign debt amid US Federal Reserve monetary easing while expectations of one-way movements in the yuan have been avoided with more currency flexibility, the foreign exchange regulator said on Friday.Wang Chunying, a spokeswoman for the State Administration of Foreign Exchange, said that over the medium to long term, the foundations in the foreign exchange market for stable operations are still solid.“These are the bright spots that we are seeing, of course,…

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